1. 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 Balance	Total Payment	Interest Paid	Principle Paid	Ending Balance
1	6000	1377.73	600	777.73
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Totals