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    Interest: Credit Amount: Monthly Payment

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    pepepepe12345
    This document shows the amortization schedule for a $2,500 loan over 10 years at 11.9% interest with monthly payments of $75.74. It lists the monthly payment amount, interest charged, and remaining balance over the course of 10 years as the principal balance is paid down each month with interest applied.

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    Interest: Credit Amount: Monthly Payment

    Uploaded by

    pepepepe12345
    16 views4 pages
    This document shows the amortization schedule for a $2,500 loan over 10 years at 11.9% interest with monthly payments of $75.74. It lists the monthly payment amount, interest charged, and remaining balance over the course of 10 years as the principal balance is paid down each month with interest applied.

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    This document shows the amortization schedule for a $2,500 loan over 10 years at 11.9% interest with monthly payments of $75.74. It lists the monthly payment amount, interest charged, and remaining balance over the course of 10 years as the principal balance is paid down each month with interest applied.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    16 views4 pages

    Interest: Credit Amount: Monthly Payment

    Uploaded by

    pepepepe12345
    This document shows the amortization schedule for a $2,500 loan over 10 years at 11.9% interest with monthly payments of $75.74. It lists the monthly payment amount, interest charged, and remaining balance over the course of 10 years as the principal balance is paid down each month with interest applied.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 4

    Interest: 11.

    90%
    Credit Amount: 2500.00
    Monthly Payment 3.00%

    1st year Payment Interest Balance


    January 75.74 24.79 2524.79
    February 76.49 25.04 2549.83
    March 77.25 25.29 2575.11
    April 78.02 25.54 2600.65
    May 78.79 25.79 2626.44
    June 79.57 26.05 2652.49
    July 80.36 26.30 2678.79
    August 81.16 26.56 2705.36
    September 81.97 26.83 2732.18
    October 82.78 27.09 2759.28
    November 83.60 27.36 2786.64
    December 84.43 27.63 2814.27
    2nd year
    January 85.27 27.91 2842.18
    February 86.11 28.18 2870.37
    March 86.96 28.46 2898.83
    April 87.83 28.75 2927.58
    May 88.70 29.03 2956.61
    June 89.58 29.32 2985.93
    July 90.47 29.61 3015.54
    August 91.36 29.90 3045.45
    September 92.27 30.20 3075.65
    October 93.18 30.50 3106.15
    November 94.11 30.80 3136.95
    December 95.04 31.11 3168.06
    3rd year
    January 95.98 31.42 3199.47
    February 96.94 31.73 3231.20
    March 97.90 32.04 3263.24
    April 98.87 32.36 3295.60
    May 99.85 32.68 3328.29
    June 100.84 33.01 3361.29
    July 101.84 33.33 3394.62
    August 102.85 33.66 3428.29
    September 103.87 34.00 3462.28
    October 104.90 34.33 3496.62
    November 105.94 34.67 3531.29
    December 106.99 35.02 3566.31
    4th year
    January 108.05 35.37 3601.68
    February 109.12 35.72 3637.40
    March 110.20 36.07 3673.47
    April 111.30 36.43 3709.89 35120 Total Balance
    May 112.40 36.79 3746.68
    June 113.52 37.15 3783.84
    July 114.64 37.52 3821.36
    August 115.78 37.90 3859.26
    September 116.93 38.27 3897.53
    October 118.09 38.65 3936.18
    November 119.26 39.03 3975.21
    December 120.44 39.42 4014.63
    5th year
    January 121.63 39.81 4054.45
    February 122.84 40.21 4094.65
    March 124.06 40.61 4135.26
    April 125.29 41.01 4176.27
    May 126.53 41.41 4217.68
    June 127.79 41.83 4259.51
    July 129.05 42.24 4301.75
    August 130.33 42.66 4344.40
    September 131.62 43.08 4387.49
    October 132.93 43.51 4431.00
    November 134.25 43.94 4474.94
    December 135.58 44.38 4519.31
    6th year
    January 136.92 44.82 4564.13
    February 138.28 45.26 4609.39
    March 139.65 45.71 4655.10
    April 141.04 46.16 4701.26
    May 142.44 46.62 4747.88
    June 143.85 47.08 4794.97
    July 145.28 47.55 4842.52
    August 146.72 48.02 4890.54
    September 148.17 48.50 4939.04
    October 149.64 48.98 4988.02
    November 151.12 49.46 5037.48
    December 152.62 49.96 5087.43
    7th year
    January 154.14 50.45 5137.89
    February 155.67 50.95 5188.84
    March 157.21 51.46 5240.29
    April 158.77 51.97 5292.26
    May 160.34 52.48 5344.74
    June 161.93 53.00 5397.74
    July 163.54 53.53 5451.27
    August 165.16 54.06 5505.33
    September 166.80 54.59 5559.92
    October 168.45 55.14 5615.06
    November 170.12 55.68 5670.74
    December 171.81 56.23 5726.98
    8th year
    January 173.51 56.79 5783.77
    February 175.23 57.36 5841.12
    March 176.97 57.92 5899.05
    April 178.73 58.50 5957.55
    May 180.50 59.08 6016.63
    June 182.29 59.66 6076.29
    July 184.10 60.26 6136.55
    August 185.92 60.85 6197.40
    September 187.77 61.46 6258.86
    October 189.63 62.07 6320.93
    November 191.51 62.68 6383.61
    December 193.41 63.30 6446.91
    balance=credit amount+ interest
    interest=(interest/12)*credit amount
    monthly payment=monthly payment*beginning balance

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