$20,000 loan at 6% compounded monthly Payment of $300 every month Amortization Schedule Payment Amount lnterat Principal Period Paid Portion Portion WWW 80 $311.\") $3.42 $296.58 81 $330.00 $ 1.93 $298.07 82- Watch as the interest portion gets smaller with each payment. Principal Balance ' $366.45 $33.33 Complete the last row. Periodic Interest Rate The last payment must cover the previous principal hala nee, plus interest for the current period