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Simple Loan Calculator: Loan Values Loan Summary

This loan calculator summarizes a $100,000 loan with an annual interest rate of 12% over a 1 year period. The monthly payment is $8,884.88, with a total of 12 payments. Over the course of the loan, the total interest paid is $6,618.55. The loan is fully paid off after 12 monthly payments for a total cost of $106,618.55.

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Mtinda David
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62 views11 pages

Simple Loan Calculator: Loan Values Loan Summary

This loan calculator summarizes a $100,000 loan with an annual interest rate of 12% over a 1 year period. The monthly payment is $8,884.88, with a total of 12 payments. Over the course of the loan, the total interest paid is $6,618.55. The loan is fully paid off after 12 monthly payments for a total cost of $106,618.55.

Uploaded by

Mtinda David
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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Simple Loan Calculator

Loan Values Loan Summary


Loan amount 100,000.00 Monthly payment $8,884.88

Annual interest rate 12.00% Number of payments 12

Loan period in years 1 Total interest $6,618.55

Start date of loan 7/13/2021 Total cost of loan $106,618.55

Pmt Beginning
Payment Date Payment Principal Interest Ending Balance
No. Balance
1 8/13/2021 $100,000.00 $8,884.88 $7,884.88 $1,000.00 $92,115.12
2 9/13/2021 $92,115.12 $8,884.88 $7,963.73 $921.15 $84,151.39
3 10/13/2021 $84,151.39 $8,884.88 $8,043.36 $841.51 $76,108.03
4 11/13/2021 $76,108.03 $8,884.88 $8,123.80 $761.08 $67,984.23
5 12/13/2021 $67,984.23 $8,884.88 $8,205.04 $679.84 $59,779.19
6 1/13/2022 $59,779.19 $8,884.88 $8,287.09 $597.79 $51,492.11
7 2/13/2022 $51,492.11 $8,884.88 $8,369.96 $514.92 $43,122.15
8 3/13/2022 $43,122.15 $8,884.88 $8,453.66 $431.22 $34,668.49
9 4/13/2022 $34,668.49 $8,884.88 $8,538.19 $346.68 $26,130.30
10 5/13/2022 $26,130.30 $8,884.88 $8,623.58 $261.30 $17,506.72
11 6/13/2022 $17,506.72 $8,884.88 $8,709.81 $175.07 $8,796.91
12 7/13/2022 $8,796.91 $8,884.88 $8,796.91 $87.97 $0.00

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