ANNUITY

SAMPLE ANNUITY
Loan Amount = PhP 30,000
Payment Period = 5 years annual equal payments
Interest Rate = 8%

Annual Payment = PhP 20,000/3.99271

= PhP 5,009.13

Date Payment Interest Principal Balance

PhP 20,000.00

PhP 5,009.13 PhP 3,409.13 PhP 16,590.87

Year 1 PhP 1,600.00

PhP 5,009.13 PhP 3,681.86 PhP 12,909.01

Year 2 PhP 1,326.27

PhP 5,009.13 PhP 3,976.41 PhP 8,932.61

Year 3 PhP 1,032.72

PhP 5,009.13 PhP 4,294.52 PhP 4,638.09

Year 4 PhP 714.61

PhP 5,009.13 PhP 4,638.09 PhP --0--

Year 5 PhP 371.05