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  • Floating Rate

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    Sumit Choudhary
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    This document shows the annual repayment schedule for a loan over 5 years, including the annual installment amount, interest paid, principal repaid, and outstanding balance each year. It demonstrates that by year 5 the principal is fully repaid with only small interest amounts remaining as the outstanding balance approaches zero.

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    This document shows the annual repayment schedule for a loan over 5 years, including the annual installment amount, interest paid, principal repaid, and outstanding balance each year. It demonstrates that by year 5 the principal is fully repaid with only small interest amounts remaining as the outstanding balance approaches zero.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    17 views1 page

    Floating Rate

    Uploaded by

    Sumit Choudhary
    This document shows the annual repayment schedule for a loan over 5 years, including the annual installment amount, interest paid, principal repaid, and outstanding balance each year. It demonstrates that by year 5 the principal is fully repaid with only small interest amounts remaining as the outstanding balance approaches zero.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    End of Annual Interest Principal Outstanding

    year installment pay repayment balance


    1 395696.2 150000 245696.2 1254304

    2 404295.2 137973.4 266321.8 987982.2

    3 128437.7 289994.5 697987.7

    418432.2
    4 90738.4 327693.8 370293.9

    418432.2
    5 48138.21 370294 -0.093
    418432.2

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