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Irregular Payments

The document is a loan payment history showing payments made over time on a $7,500 loan with a 5% interest rate. It lists the payment number, amount, date, amount applied to interest and principal, and cumulative payments. It shows the loan balance decreasing as additional payments are made, with some additions to the principal, until the balance is paid off.

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Beybi Esteban
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111 views5 pages

Irregular Payments

The document is a loan payment history showing payments made over time on a $7,500 loan with a 5% interest rate. It lists the payment number, amount, date, amount applied to interest and principal, and cumulative payments. It shows the loan balance decreasing as additional payments are made, with some additions to the principal, until the balance is paid off.

Uploaded by

Beybi Esteban
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Interest Rate (APR): 5.

00%

Payment Payment Payment Amount to Amount to Cumulative


Number Amount Date Interest Principal Payments
Original Loan ($7,500.00) 6/8/2011
1 $200.00 7/25/2011 $48.29 $151.71 $200.00
2 $200.00 8/9/2011 $15.10 $184.90 $400.00
3 $200.00 9/24/2011 $45.14 $154.86 $600.00
4 $100.00 12/9/2011 $72.97 $27.03 $700.00
5 $250.00 1/19/2012 $39.21 $210.79 $950.00
Addition to Principal ($500.00) 2/1/2012 $12.06 ($512.06) $450.00
6 $100.00 2/21/2012 $19.95 $80.05 $550.00
7 $100.00 2/27/2012 $5.92 $94.08 $650.00
8 $1,000.00 3/7/2012 $8.76 $991.24 $1,650.00
9 $250.00 3/22/2012 $12.57 $237.43 $1,900.00
10 $200.00 4/8/2012 $13.69 $186.31 $2,100.00
11 $200.00 4/25/2012 $13.26 $186.74 $2,300.00
12 $1,000.00 5/10/2012 $11.32 $988.68 $3,300.00
13 $100.00 5/22/2012 $7.43 $92.57 $3,400.00
14 $200.00 6/8/2012 $10.31 $189.69 $3,600.00
15 $200.00 6/25/2012 $9.86 $190.14 $3,800.00
16 $100.00 7/11/2012 $8.87 $91.13 $3,900.00
17 $100.00 7/21/2012 $5.42 $94.58 $4,000.00
Addition to Principal ($500.00) 9/7/2012 $25.38 ($525.38) $3,500.00
18 $100.00 11/8/2012 $37.25 $62.75 $3,600.00
19 $100.00 11/21/2012 $7.70 $92.30 $3,700.00
20 $200.00 12/21/2012 $17.39 $182.61 $3,900.00
21 $750.00 1/11/2013 $11.64 $738.36 $4,650.00
22 $750.00 2/11/2013 $14.05 $735.95 $5,400.00
23 $750.00 3/11/2013 $9.87 $740.13 $6,150.00
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Loan Payment History

Cumulative Loan
Interest Balance
$7,500.00
$48.29 $7,348.29
$63.39 $7,163.39 Loan Balance
$108.53 $7,008.53
$181.49 $6,981.49 $8,000
$220.70 $6,770.70 $7,000
$232.76 $7,282.76
$252.71 $7,202.71 $6,000
$258.63 $7,108.63 $5,000
$267.40 $6,117.40
$279.97 $5,879.97 $4,000
$293.66 $5,693.66
$3,000
$306.92 $5,506.92
$318.23 $4,518.23 $2,000
$325.66 $4,425.66
$1,000
$335.97 $4,235.97
$345.83 $4,045.83 $0
$354.70 $3,954.70 12/30/1899 12/30/1922 12/30/1945 12/30/1968 12/30/1991
$360.12 $3,860.12
$385.50 $4,385.50
$422.75 $4,322.75
$430.44 $4,230.44
$447.83 $4,047.83
$459.47 $3,309.47
$473.53 $2,573.53
$483.40 $1,833.40
/1968 12/30/1991

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