Simple Interest Amortization Vertex42.com Loan Amount (pv) Interest Rate (rate) Total # of Periods (Nper) Payment per Period Total Interest Paid $150,000 0.58% 180 $1,348.24 $ 92,683.63 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 0 50 100 © 2005 Vertex42, LLC Cumulative Interest Principal Paid 150 200 Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Payment Amount 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 1,348.24 Cumulative Interest Interest 875.00 872.24 869.46 866.67 863.86 861.04 858.19 855.33 852.46 849.57 846.66 843.73 840.79 837.83 834.85 831.86 828.84 825.81 822.77 819.70 816.62 813.52 810.40 807.26 804.11 800.93 797.74 794.53 791.30 788.05 784.78 781.49 778.19 774.86 771.52 768.15 875.00 1,747.24 2,616.70 3,483.37 4,347.23 5,208.27 6,066.46 6,921.80 7,774.25 8,623.82 9,470.48 10,314.21 11,155.00 11,992.83 12,827.68 13,659.54 14,488.38 15,314.20 16,136.97 16,956.67 17,773.29 18,586.80 19,397.20 20,204.46 21,008.57 21,809.50 22,607.24 23,401.77 24,193.06 24,981.11 25,765.89 26,547.39 27,325.58 28,100.44 28,871.96 29,640.11 Principal 473.24 476.00 478.78 481.57 484.38 487.21 490.05 492.91 495.78 498.68 501.58 504.51 507.45 510.41 513.39 516.39 519.40 522.43 525.48 528.54 531.62 534.72 537.84 540.98 544.14 547.31 550.50 553.72 556.95 560.19 563.46 566.75 570.05 573.38 576.72 580.09 Principal Paid $ 473.24 949.25 1,428.03 1,909.60 2,393.98 2,881.19 3,371.24 3,864.14 4,359.93 4,858.60 5,360.19 5,864.70 6,372.15 6,882.56 7,395.95 7,912.34 8,431.74 8,954.16 9,479.64 10,008.18 10,539.80 11,074.53 11,612.37 12,153.35 12,697.49 13,244.80 13,795.30 14,349.02 14,905.97 15,466.16 16,029.62 16,596.37 17,166.42 17,739.80 18,316.53 18,896.62 Balance 150,000.00 149,526.76 149,050.75 148,571.97 148,090.40 147,606.02 147,118.81 146,628.76 146,135.86 145,640.07 145,141.40 144,639.81 144,135.30 143,627.85 143,117.44 142,604.05 142,087.66 141,568.26 141,045.84 140,520.36 139,991.82 139,460.20 138,925.47 138,387.63 137,846.65 137,302.51 136,755.20 136,204.70 135,650.98 135,094.03 134,533.84 133,970.38 133,403.63 132,833.58 132,260.20 131,683.47 131,103.38