A partial amortization schedule for a $10-$year note payable issued on January $1,$ Year $1,$ is shown next.

$\backslash$table$[[$Accounting$,$Principal Balance,,,$],[$Period$,$January $1,$Cash Payment,Applied to$,$Applied to$],[$Year $1,$$$390,000,$$$50,507,$$$19,500,$Principal$],[$Year $2,358,993,50,507,17,950,$$$31,007$