The document outlines a loan amortization schedule over 180 months, starting with a principal of $250,000 at an interest rate of 4.00%. Each month, a fixed payment of $1,849.22 is made, which reduces the principal while also covering interest. The schedule details the breakdown of principal and interest payments, leading to a decreasing balance over the loan term.
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The document outlines a loan amortization schedule over 180 months, starting with a principal of $250,000 at an interest rate of 4.00%. Each month, a fixed payment of $1,849.22 is made, which reduces the principal while also covering interest. The schedule details the breakdown of principal and interest payments, leading to a decreasing balance over the loan term.