Zibonwa Investment cc

Year 1 Loan Workings

Loan assumptions Annual Repayments Year end

Amount 2,500,000 Year Capital Interest Total Loan balance

Number of months 84 1 (239,732) (295,481) (535,214) 2,260,268
Quoted Interest rate 12.35% 2 (271,074) (264,139) (535,214) 1,989,193
3 (306,513) (228,700) (535,214) 1,682,680
Monthly repayment (44,601) 4 (346,586) (188,628) (535,214) 1,336,094
Annual repayment (535,214) 5 (391,897) (143,317) (535,214) 944,197
6 (443,132) (92,082) (535,214) 501,065
7 (501,065) (34,148) (535,214) (0)
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Totals (2,500,000) (1,246,495) (3,746,495)