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What If

This document outlines the amortization schedule for a $100 million loan over 12 months with an interest rate of 6.7% per year. It shows the beginning balance, monthly payment amount, and ending balance for each month. The monthly payment is applied first to interest and any remaining amount goes to reducing the principal. By month 12, the full loan amount has been paid off with monthly payments of $8.33 million and accumulated interest payments totaling over $3.6 million.

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Minh Châu Trương
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24 views4 pages

What If

This document outlines the amortization schedule for a $100 million loan over 12 months with an interest rate of 6.7% per year. It shows the beginning balance, monthly payment amount, and ending balance for each month. The monthly payment is applied first to interest and any remaining amount goes to reducing the principal. By month 12, the full loan amount has been paid off with monthly payments of $8.33 million and accumulated interest payments totaling over $3.6 million.

Uploaded by

Minh Châu Trương
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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Loan 100,000,000 Month Beginning Balance Monthly Payment

0 100,000,000
Interest 6.70% per year 1 100,000,000 8,891,667
No 12.9937583367253 2 91,666,667 8,845,139
Payment ($8,000,000.00) 3 83,333,333 8,798,611
4 75,000,000 8,752,083
8,333,333.33 5 66,666,667 8,705,556
6 58,333,333 8,659,028
7 50,000,000 8,612,500
8 41,666,667 8,565,972
9 33,333,333 8,519,444
10 25,000,000 8,472,917
11 16,666,667 8,426,389
12 8,333,333 8,379,861

Month Beginning Balance Monthly Payment


Loan 100,000,000 1
2
Interest 6.70% per year 4.5%-7.5% 3
No 12 6->8 4
Payment ($8,638,850.76) 5
6
8,333,333.33 7
8
9
10
11
12
96 100,000,000.00 Month Beginning Balance Monthly Payment
0-12 4.5% ($1,242,323.44) 0 100,000,000.00
13-48 6.7% 1 ($1,242,323.44)
49-96 7.5% 2 ($1,242,323.44)
3 ($1,242,323.44)
4 ($1,242,323.44)
100,000,000 5 ($1,242,323.44)
6.70% 4.5-7.5 6 ($1,242,323.44)
12 8=>12 7 ($1,242,323.44)
($8,638,850.76) 8 ($1,242,323.44)
9 ($1,242,323.44)
10 ($1,242,323.44)
11 ($1,242,323.44)
12 ($1,242,323.44)

economic medicine history


43
45
48
Principal Interest Ending Balance
100,000,000
8,333,333.33 558,333.33 91,666,666.67
8,333,333.33 511,805.56 83,333,333.33
8,333,333.33 465,277.78 75,000,000.00
8,333,333.33 418,750.00 66,666,666.67
8,333,333.33 372,222.22 58,333,333.33
8,333,333.33 325,694.44 50,000,000.00
8,333,333.33 279,166.67 41,666,666.67
8,333,333.33 232,638.89 33,333,333.33
8,333,333.33 186,111.11 25,000,000.00
8,333,333.33 139,583.33 16,666,666.67
8,333,333.33 93,055.56 8,333,333.33
8,333,333.33 46,527.78 0.00

3,629,166.67

Principal Interest Ending Balance


Principal Interest Ending Balance

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