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  • Emi Formula

    Uploaded by

    Shashank Chaturvedi
    6 views2 pages

    Original Title

    3747706 Emi Formula

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    © Attribution Non-Commercial (BY-NC)

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    6 views2 pages

    Emi Formula

    Uploaded by

    Shashank Chaturvedi

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Number

    0
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44
    45
    46
    47
    48
    49

    Amount of Loan
    Annual Interest Rate
    Number of Payments

    24,000.00
    16.00%
    24

    Monthly Payment

    1,175.11

    Payment
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11

    Interest
    320.00
    308.60
    297.04
    285.34
    273.47
    261.45
    249.27
    236.92
    224.42
    211.74
    198.89
    185.88
    172.69
    159.32
    145.78
    132.05
    118.15
    104.05
    89.77
    75.30
    60.64
    45.78
    30.72
    15.46
    0.00
    -15.67
    -31.55
    -47.63
    -63.94
    -80.46
    -97.20
    -114.16
    -131.35
    -148.77
    -166.43
    -184.31
    -202.44
    -220.81
    -239.42
    -258.28
    -277.39
    -296.76
    -316.38
    -336.27
    -356.42
    -376.84
    -397.53
    -418.50
    -439.75

    Principal
    855.11
    866.52
    878.07
    889.78
    901.64
    913.66
    925.85
    938.19
    950.70
    963.37
    976.22
    989.24
    1,002.43
    1,015.79
    1,029.34
    1,043.06
    1,056.97
    1,071.06
    1,085.34
    1,099.81
    1,114.48
    1,129.34
    1,144.39
    1,159.65
    1,175.11
    1,190.78
    1,206.66
    1,222.75
    1,239.05
    1,255.57
    1,272.31
    1,289.28
    1,306.47
    1,323.89
    1,341.54
    1,359.43
    1,377.55
    1,395.92
    1,414.53
    1,433.39
    1,452.50
    1,471.87
    1,491.50
    1,511.38
    1,531.53
    1,551.96
    1,572.65
    1,593.62
    1,614.86

    Balance
    24,000.00
    23,144.89
    22,278.37
    21,400.30
    20,510.52
    19,608.88
    18,695.22
    17,769.37
    16,831.18
    15,880.48
    14,917.11
    13,940.89
    12,951.65
    11,949.23
    10,933.44
    9,904.10
    8,861.04
    7,804.07
    6,733.01
    5,647.67
    4,547.86
    3,433.38
    2,304.05
    1,159.65
    0.00
    -1,175.11
    -2,365.90
    -3,572.56
    -4,795.31
    -6,034.36
    -7,289.93
    -8,562.24
    -9,851.52
    -11,157.99
    -12,481.88
    -13,823.42
    -15,182.85
    -16,560.40
    -17,956.32
    -19,370.85
    -20,804.24
    -22,256.75
    -23,728.62
    -25,220.11
    -26,731.50
    -28,263.03
    -29,814.99
    -31,387.64
    -32,981.25
    -34,596.12

    $32,000.00

    50
    51
    52
    53
    54
    55
    56
    57
    58
    59
    60

    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11
    1,175.11

    -461.28
    -483.10
    -505.21
    -527.61
    -550.32
    -573.32
    -596.64
    -620.26
    -644.20
    -668.45
    -693.04

    1,636.40
    1,658.21
    1,680.32
    1,702.73
    1,725.43
    1,748.44
    1,771.75
    1,795.37
    1,819.31
    1,843.57
    1,868.15

    -36,232.51
    -37,890.73
    -39,571.05
    -41,273.78
    -42,999.21
    -44,747.65
    -46,519.40
    -48,314.77
    -50,134.08
    -51,977.65
    -53,845.80

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