Under the proposed payment terms it will take 38 more payments or 3.2 years to pay off the remaining balance. Interest will amount to $10,608. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Loan Payoff' xAxisName='Years' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='E6E3CF' palette='2' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='1' /><category label='2' /><category label='3' /><category label='4' /></categories><dataset seriesName='Interest'><set value='5290.0' /><set value='8946.0' /><set value='10568.0' /><set value='10608.0' /></dataset><dataset seriesName='Principal'><set value='27000.0' /><set value='20290.0' /><set value='11946.0' /><set value='1568.0' /></dataset></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Beginning Balance</th><th scope="col">Interest</th><th scope="col">Annual Payment</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">1</td><td>$27,000</td><td>$5,290</td><td>$12,000</td><td>$20,290</td></tr><tr><td role="rowheader" scope="row">2</td><td>20,290</td><td>3,655</td><td>12,000</td><td>11,946</td></tr><tr><td role="rowheader" scope="row">3</td><td>11,946</td><td>1,623</td><td>12,000</td><td>1,568</td></tr><tr><td role="rowheader" scope="row">4</td><td>1,568</td><td>40</td><td>1,608</td><td>0</td></tr></table>