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Loan Computation

The document shows loan balance information over 10 months including the original loan amount, monthly interest, monthly payment, and ending balance. It details how the loan balance decreases each month as payments are made and interest is accrued.

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Chesca Lee
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24 views1 page

Loan Computation

The document shows loan balance information over 10 months including the original loan amount, monthly interest, monthly payment, and ending balance. It details how the loan balance decreases each month as payments are made and interest is accrued.

Uploaded by

Chesca Lee
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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40,000.

00 2%
Release 39,200.00
Interest LOAN BALANCE
DEC - 39,200.00
JAN 784.00 4,000.00 35,200.00
FEB 704.00 4,704.00 30,496.00
MAR 609.92 4,609.92 25,886.08
APRIL 517.72 4,517.72 21,368.36
MAY 427.37 4,427.37 16,940.99
JUN 338.82 4,338.82 12,602.17
JUL 252.04 4,252.04 8,350.13
AUG 167.00 4,167.00 4,183.13
SEPT 83.66 4,083.66 99.46
OCT 1.99 4,001.99 - 3,902.53

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