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 6-year, 5 percent, $400,000 loan was amortized this way. How would the amortization schedule look? Year Beginning Balance Total Payment Interest Paid Principle Paid Ending

Year	Beginning Balance	Total Payment	Interest Paid	Principle Paid	Ending Balance
1
2
3
4
5
6
Totals