| № | Beginning Balance | Interest | Principal | Ending Balance | |
|---|---|---|---|---|---|
| 1 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 2 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 3 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 4 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 5 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 6 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 7 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 8 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 9 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 10 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 11 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 12 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| Year #1 |
Interest $12,388.07
|
Paid $48,388.07
|
Ending Balance $450,410.01
|
||
| 13 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 14 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 | |
| 15 | $100,000.00 | $500.00 | $3,932.06 | $96,067.94 |