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    Ankit Aggarwal
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    kkjjj

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    kkjjj

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views5 pages

    Loan Amortisation

    Uploaded by

    Ankit Aggarwal
    kkjjj

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    LOAN AMOUNT

    ANNUAL RATE OF
    INTEREST

    20000
    8%

    TIME(IN MONTHS)
    RATE OF
    INTEREST/MONTH

    12
    0.0067

    MONTHLY INSTALLMENT

    MONTH
    0
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    $1,739.77
    MONTHLY
    INSTALLMENT
    BEGINNING AMOUNT
    INTEREST
    20000
    0
    0
    20000
    $1,739.77
    133.3333333
    $18,393.56
    $1,739.77
    122.623765
    $16,776.42
    $1,739.77
    111.8427996
    $15,148.49
    $1,739.77
    100.989961
    $13,509.72
    $1,739.77
    90.06477021
    $11,860.01
    $1,739.77
    79.0667448
    $10,199.31
    $1,739.77
    67.99539922
    $8,527.54
    $1,739.77
    56.85024467
    $6,844.62
    $1,739.77
    45.63078909
    $5,150.48
    $1,739.77
    34.33653714
    $3,445.05
    $1,739.77
    22.96699018
    $1,728.25
    $1,739.77
    11.52164624

    PRINCIPAL REPAID
    0
    $1,606.44
    $1,617.14
    $1,627.93
    $1,638.78
    $1,649.70
    $1,660.70
    $1,671.77
    $1,682.92
    $1,694.14
    $1,705.43
    $1,716.80
    $1,728.25

    BALANCE
    20000
    $18,393.56
    $16,776.42
    $15,148.49
    $13,509.72
    $11,860.01
    $10,199.31
    $8,527.54
    $6,844.62
    $5,150.48
    $3,445.05
    $1,728.25
    $0.00

    LOAN AMOUNT
    ANNUAL RATE OF
    INTEREST
    TIME(IN MONTHS)
    RATE OF
    INTEREST/MONTH
    MONTHLY
    INSTALLMENT

    MONTH
    0
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    50000
    10%
    12

    0.0083
    $4,395.79
    MONTHLY
    PRINCIPAL
    INTALLMENT
    BEGINNING AMT.
    INTEREST REPAID
    50000
    0
    0
    50000
    $4,395.79 416.6667 $3,979.13
    46020.87231
    $4,395.79 383.5073 $4,012.29
    42008.58521
    $4,395.79 350.0715 $4,045.72
    37962.86239
    $4,395.79 316.3572 $4,079.44
    33883.42522
    $4,395.79 282.3619 $4,113.43
    29769.99274
    $4,395.79 248.0833 $4,147.71
    25622.28165
    $4,395.79
    213.519 $4,182.28
    21440.0063
    $4,395.79 178.6667 $4,217.13
    17222.87866
    $4,395.79
    143.524 $4,252.27
    12970.60828
    $4,395.79 108.0884 $4,287.71
    8682.902325
    $4,395.79 72.35752 $4,323.44
    4359.465482
    $4,395.79 36.32888 $4,359.47

    BALANCE
    50000
    $46,020.87
    $42,008.59
    $37,962.86
    $33,883.43
    $29,769.99
    $25,622.28
    $21,440.01
    $17,222.88
    $12,970.61
    $8,682.90
    $4,359.47
    $0.00

    LOAN AMOUNT
    ANNUAL RATE OF
    INTEREST
    TIME(IN MONTHS)
    RATE OF
    INTEREST/MONTH
    MONTHLY
    INSTALLMENT

    20000
    8%
    12
    0.0067
    $1,739.77

    MONTH
    0
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    MONTHLY
    PRINCIPAL
    BEGINNING AMOUNT INSTALLMENT
    INTEREST REPAID
    20000
    0
    0
    0
    20000
    $1,739.77 $133.33
    $1,606.44
    $18,393.56
    $1,739.77 $122.62
    $1,617.14
    $16,776.42
    $1,739.77 $111.84
    $1,627.93
    $15,148.49
    $1,739.77 $100.99
    $1,638.78
    $13,509.72
    $1,739.77
    $90.06
    $1,649.70
    $11,860.01
    $1,739.77
    $79.07
    $1,660.70
    $10,199.31
    $1,739.77
    $68.00
    $1,671.77
    $8,527.54
    $1,739.77
    $56.85
    $1,682.92
    $6,844.62
    $1,739.77
    $45.63
    $1,694.14
    $5,150.48
    $1,739.77
    $34.34
    $1,705.43
    $3,445.05
    $1,739.77
    $22.97
    $1,716.80
    $1,728.25
    $1,739.77
    $11.52
    $1,728.25

    BALANCE
    20000
    $18,393.56
    $16,776.42
    $15,148.49
    $13,509.72
    $11,860.01
    $10,199.31
    $8,527.54
    $6,844.62
    $5,150.48
    $3,445.05
    $1,728.25
    ($0.00)

    LOAN AMOUNT
    ANNUAL RATE OF
    INTEREST
    TIME(IN MONTHS)
    RATE OF
    INTEREST/MONTH
    MONTHLY INSTALLMENT

    MONTH
    0
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    50000
    10%
    12
    0.0083
    $4,395.79

    BEGINNING
    MONTHLY
    AMOUNT
    INSTALLMENT INTEREST
    50000
    0
    0
    50000
    $4,395.79 $416.67
    46020.87231
    $4,395.79 $383.51
    42008.58521
    $4,395.79 $350.07
    37962.86239
    $4,395.79 $316.36
    33883.42522
    $4,395.79 $282.36
    29769.99274
    $4,395.79 $248.08
    25622.28165
    $4,395.79 $213.52
    21440.0063
    $4,395.79 $178.67
    17222.87866
    $4,395.79 $143.52
    12970.60828
    $4,395.79 $108.09
    8682.902325
    $4,395.79
    $72.36
    4359.465482
    $4,395.79
    $36.33

    PRINCIPAL
    REPAID
    0
    $3,979.13
    $4,012.29
    $4,045.72
    $4,079.44
    $4,113.43
    $4,147.71
    $4,182.28
    $4,217.13
    $4,252.27
    $4,287.71
    $4,323.44
    $4,359.47

    BALANCE
    50000
    $46,020.87
    $42,008.59
    $37,962.86
    $33,883.43
    $29,769.99
    $25,622.28
    $21,440.01
    $17,222.88
    $12,970.61
    $8,682.90
    $4,359.47
    $0.00

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