4. Probably the most common way of amortizing a loan is to have the borrower make a single, fixed payment every period. Almost all consumer loans (such as car loans) and mortgages work this way. For example, suppose our six-year, 10 percent, $6,000 loan was amortized this way. How would the amortization schedule look? Year Beginning Total Balance Payment 6000 1377.73 Interest Paid Principle Paid Ending Balance 1 600 777.73 2 3 4 4 5 6 6 Totals