This worksheet can help you calculate loan Loan Amount: 30,000

costs. Enter values into the yellow boxes, Annual Interest Rate: 8.00%
replacing the sample data. Results will be
shown in the green boxes. Length of Loan (in Years): 3
Number of Payments Per Year: 1
This worksheet is locked to preserve the
formulas that calculate your results. Total Number of Periods: 3
Payment Per Period: 11,641.01
Total Interest Paid: 4,923.02
Total Payments: 34,923.02
New Payoff
Period Payment Principal Interest Total Interest Paid
Amount
1 11,641.01 9,241.01 2,400.00 2,400.00 20,758.99
2 11,641.01 9,980.29 1,660.72 4,060.72 10,778.71
3 11,641.01 10,778.71 862.30 4,923.02 0.00

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