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Amortization Grade 11

The document contains an amortization schedule for a 1.5 million peso car loan over 5 years at 5% interest compounded semiannually. It shows the starting balance, payment, principal, interest, and ending balance for the first 10 payment periods. The total payment is 1,713,881.40 pesos, the total principal is 1,500,000 pesos, the total interest is 213,881.40 pesos, and the ending balance after the 10th payment is 0.07 pesos. The principal decreases each period while the interest decreases as the loan balance decreases.

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PAULET AURALYN GUBALLA
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344 views1 page

Amortization Grade 11

The document contains an amortization schedule for a 1.5 million peso car loan over 5 years at 5% interest compounded semiannually. It shows the starting balance, payment, principal, interest, and ending balance for the first 10 payment periods. The total payment is 1,713,881.40 pesos, the total principal is 1,500,000 pesos, the total interest is 213,881.40 pesos, and the ending balance after the 10th payment is 0.07 pesos. The principal decreases each period while the interest decreases as the loan balance decreases.

Uploaded by

PAULET AURALYN GUBALLA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Un i v ers it y of S a nt o T o m as

SENIOR HIGH SCHOOL

Name 1 __________________________________CN_____
Name 2 __________________________________CN_____ Score___________________
Name 3 __________________________________CN_____ Date____________________
BUSINESS MATH
Amortization

Prepare an amortization schedule for the beginning and end of a ₱1.5 million car loan at 5% interest
compounded semiannually payable in five years. If no down payment is made, complete the amortization
table until the tenth period row.

Period Starting Balance Payment (RP) Principal Interest Ending Balance


1 ₱1,500,000 ₱171,388.14 ₱133,888.14 ₱37,500 ₱1,366,111.86
2 ₱1,366,111.86 ₱171,388.14 ₱137,235.34 ₱34,152.80 ₱1,228,876.52
3 ₱1,228,876.52 ₱171,388.14 ₱140,666.23 ₱30,721.91 ₱1,088,210.29
4 ₱1,088,210.29 ₱171,388.14 ₱144,182.88 ₱27,205.26 ₱944,027.41
5 ₱944,027.41 ₱171,388.14 ₱147,787.45 ₱23,600.69 ₱796,239.96
6 ₱796,239.96 ₱171,388.14 ₱151,482.14 ₱19,906.00 ₱644,757.82
7 ₱644,757.82 ₱171,388.14 ₱155,269.19 ₱16,118.95 ₱489,488.63
8 ₱489,488.63 ₱171,388.14 ₱159,150.92 ₱12,237.22 ₱330,337.71
9 ₱330,337.71 ₱171,388.14 ₱163,129.70 ₱8,258.44 ₱167,208.01
10 ₱167,208.01 ₱171,388.14 ₱167,207.94 ₱4,180.20 ₱0.07
Total

Answer the following:


1. What is the sum of all the payments? ___________
2. What is the sum of all the principal amount? ___________
3. What is the sum of all the interest paid? ___________
4. What is the ending balance in the tenth month payment? ___________
5. What do you observe with the principal in every payment period?
_______________________________________________________________________________________
6. What do you observe with the interest in every payment period?
_______________________________________________________________________________________

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