Example 4: Equal Principal Payment Suppose we have the following 15 year loan that requires equal principal payments each year: Loan amount: $ 350,000 Interest rate: 9% # of Periods 15 So, the equal principal payment amortization table will look like this: Beginning Balance $ 350,000.00 Total Payment Interest Paid Ending Balance Principal Paid 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Total honda