diff --git a/loan_amortization.py b/loan_amortization.py
new file mode 100644
index 00000000..cee82fab
--- /dev/null
+++ b/loan_amortization.py
@@ -0,0 +1,28 @@
+def get_amortization_amount(principal, interest_rate, period):
+    x = (1 + interest_rate) ** period
+    amort_amount = principal * (interest_rate * x) / (x - 1)    
+    return amort_amount 
+
+
+def get_amortization_table(principal, interest_rate, period):
+    amortization_amount = get_amortization_amount(principal, interest_rate, period)
+    number = 1
+    balance = principal
+    while number <= period:
+        interest = balance * interest_rate
+        principal = amortization_amount - interest
+        balance = balance - principal
+        yield number, round(amortization_amount, 2), round(interest,2), round(principal,2), round(balance,2) if balance > 0 else 0
+        number += 1
+
+
+principal = 20000
+interest_rate = 8/100/12
+nperiods = 5 * 12
+
+
+amortization_list = list(get_amortization_table(principal, interest_rate, nperiods))
+print ('%-8s' % 'nper', '%-12s' % 'interest', '%-12s' % 'principal',  'balance')
+print ('--------------------------------------------')
+for x in amortization_list:
+  print ('%-8i' % x[0], '%-12.2f' % x[2], '%-12.2f' % x[3], x[4])