Q-6. 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 Totals 1 2 M4 3 4 5 6 Beginning Total Balance Payment Interest Paid Principle Paid Ending Balance

Q-6. 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