Scribd Logo
Upload

Welcome to Scribd!

  • 144 views

    Loan EMI Calculator

    Uploaded by

    jiguparmar1516
    The document is a loan calculator that shows the details of a $500,000 loan over 1 year at an annual interest rate of 10%. It displays the payment amount each period, how much goes toward principal, interest, and the new payoff amount. Over the 12 monthly payment periods, the total interest paid is $27,495.32 and the total payments equal $527,495.32, paying off the full amount of the original $500,000 loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd

    Loan EMI Calculator

    Uploaded by

    jiguparmar1516
    144 views6 pages
    The document is a loan calculator that shows the details of a $500,000 loan over 1 year at an annual interest rate of 10%. It displays the payment amount each period, how much goes toward principal, interest, and the new payoff amount. Over the 12 monthly payment periods, the total interest paid is $27,495.32 and the total payments equal $527,495.32, paying off the full amount of the original $500,000 loan.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLS, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document is a loan calculator that shows the details of a $500,000 loan over 1 year at an annual interest rate of 10%. It displays the payment amount each period, how much goes toward principal, interest, and the new payoff amount. Over the 12 monthly payment periods, the total interest paid is $27,495.32 and the total payments equal $527,495.32, paying off the full amount of the original $500,000 loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    144 views6 pages

    Loan EMI Calculator

    Uploaded by

    jiguparmar1516
    The document is a loan calculator that shows the details of a $500,000 loan over 1 year at an annual interest rate of 10%. It displays the payment amount each period, how much goes toward principal, interest, and the new payoff amount. Over the 12 monthly payment periods, the total interest paid is $27,495.32 and the total payments equal $527,495.32, paying off the full amount of the original $500,000 loan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 6

    Loan Calculator

    Design By: Jignesh.Parmar. Loan Amount: 500,000


    Email: [email protected]. Annual Interest Rate: 10.00%
    Mob: 09426394788 Length of Loan (in Years): 1
    Number of Payments Per Year: 12
    Total Number of Periods: 12
    Payment Per Period: 43,957.94
    Total Interest Paid: 27,495.32
    Total Payments: 527,495.32
    New Payoff
    Period Payment Principal Interest Total Interest Paid
    Amount
    1 43,957.94 39,791.28 4,166.67 4,166.67 460,208.72
    2 43,957.94 40,122.87 3,835.07 8,001.74 420,085.85
    3 43,957.94 40,457.23 3,500.72 11,502.45 379,628.62
    4 43,957.94 40,794.37 3,163.57 14,666.03 338,834.25
    5 43,957.94 41,134.32 2,823.62 17,489.65 297,699.93
    6 43,957.94 41,477.11 2,480.83 19,970.48 256,222.82
    7 43,957.94 41,822.75 2,135.19 22,105.67 214,400.06
    8 43,957.94 42,171.28 1,786.67 23,892.34 172,228.79
    9 43,957.94 42,522.70 1,435.24 25,327.58 129,706.08
    10 43,957.94 42,877.06 1,080.88 26,408.46 86,829.02
    11 43,957.94 43,234.37 723.58 27,132.03 43,594.65
    12 43,957.94 43,594.65 363.29 27,495.32 0.00

    Page 1of6
    New Payoff
    Period Payment Principal Interest Total Interest Paid
    Amount

    Page 2of6
    New Payoff
    Period Payment Principal Interest Total Interest Paid
    Amount

    Page 3of6
    New Payoff
    Period Payment Principal Interest Total Interest Paid
    Amount

    Page 4of6
    New Payoff
    Period Payment Principal Interest Total Interest Paid
    Amount

    Page 5of6
    New Payoff
    Period Payment Principal Interest Total Interest Paid
    Amount

    Page 6of6

    You might also like