1. Creating an amortization table using AMORT program Start program
Using AMORT to get Amortization Table
Creating an amortization table using AMORT program
Start
program
AMORT:
ENTER
PRGM
ENTER
Enter known values:
$500 loan at 4%
compounded annually,
with payments
of $98 per year,
over 20 years
ENTER
Math 155 D.Sluys WCC 2007

2. Note payoff in 6th year Interest portion principal portion
Period number
Periodic payment
Interest portion
(decreasing)
principal portion
(increasing)
Remaining balance
Note payoff in 6th year
to get other columns
>

3. Repeat with different values:
$500 loan at 4% compounded monthly,
with payments of $8.17 per month,
over 60 months say….

4. Interest portion principal portion Period number (decreasing)
Periodic payment
Interest portion
(decreasing)
principal portion
(increasing)
Remaining balance
to get other rows ^

6. Interest portion principal portion Period number (decreasing)
Periodic payment
Interest portion
(decreasing)
principal portion
(increasing)
Remaining balance
PAYOFF