BANK LOAN

FOR 7 YEARS
A= 3000000
r= 6% = 0.06
WHERE:
n= 12
A- Loan’s initial amount
N= 84
r- rate of interest
r/n= 0.06/12 = 0.005
n- compounding period
R= A¿
N- number of payments
R= A¿
R- monthly payment
R= 43825.66345

Table of amortization
7 YEARS     0.005 QP-interest
  Balance Monthly Payment Interest Principal Repaid
1 3000000 43825.66345 15000 28825.66345
2 2971174.337 43825.66345 14855.87168 28969.79177
3 2942204.545 43825.66345 14711.02272 29114.64073
4 2913089.904 43825.66345 14565.44952 29260.21393
5 2883829.69 43825.66345 14419.14845 29406.515
6 2854423.175 43825.66345 14272.11588 29553.54758
7 2824869.628 43825.66345 14124.34814 29701.31531
8 2795168.312 43825.66345 13975.84156 29849.82189
9 2765318.49 43825.66345 13826.59245 29999.071
10 2735319.419 43825.66345 13676.5971 30149.06635
11 2705170.353 43825.66345 13525.85176 30299.81169
12 2674870.541 43825.66345 13374.35271 30451.31074
13 2644419.231 43825.66345 13222.09615 30603.5673
14 2613815.663 43825.66345 13069.07832 30756.58514
15 2583059.078 43825.66345 12915.29539 30910.36806
16 2552148.71 43825.66345 12760.74355 31064.9199
17 2521083.79 43825.66345 12605.41895 31220.2445
18 2489863.546 43825.66345 12449.31773 31376.34572
19 2458487.2 43825.66345 12292.436 31533.22745
20 2426953.972 43825.66345 12134.76986 31690.89359
21 2395263.079 43825.66345 11976.31539 31849.34806
22 2363413.731 43825.66345 11817.06865 32008.5948
23 2331405.136 43825.66345 11657.02568 32168.63777
24 2299236.498 43825.66345 11496.18249 32329.48096
25 2266907.017 43825.66345 11334.53509 32491.12836
26 2234415.889 43825.66345 11172.07944 32653.58401
27 2201762.305 43825.66345 11008.81152 32816.85193
28 2168945.453 43825.66345 10844.72727 32980.93619
29 2135964.517 43825.66345 10679.82258 33145.84087
30 2102818.676 43825.66345 10514.09338 33311.57007
31 2069507.106 43825.66345 10347.53553 33478.12792
32 2036028.978 43825.66345 10180.14489 33645.51856
33 2002383.459 43825.66345 10011.9173 33813.74615
34 1968569.713 43825.66345 9842.848566 33982.81489
35 1934586.898 43825.66345 9672.934492 34152.72896
36 1900434.169 43825.66345 9502.170847 34323.4926
37 1866110.677 43825.66345 9330.553384 34495.11007
38 1831615.567 43825.66345 9158.077834 34667.58562
39 1796947.981 43825.66345 8984.739906 34840.92355
40 1762107.058 43825.66345 8810.535288 35015.12816
41 1727091.929 43825.66345 8635.459647 35190.2038
42 1691901.726 43825.66345 8459.508628 35366.15482
43 1656535.571 43825.66345 8282.677854 35542.9856
44 1620992.585 43825.66345 8104.962926 35720.70053
45 1585271.885 43825.66345 7926.359423 35899.30403
46 1549372.581 43825.66345 7746.862903 36078.80055
47 1513293.78 43825.66345 7566.4689 36259.19455
48 1477034.586 43825.66345 7385.172928 36440.49052
49 1440594.095 43825.66345 7202.970475 36622.69298
50 1403971.402 43825.66345 7019.85701 36805.80644
51 1367165.596 43825.66345 6835.827978 36989.83547
52 1330175.76 43825.66345 6650.878801 37174.78465
53 1293000.975 43825.66345 6465.004877 37360.65857
54 1255640.317 43825.66345 6278.201584 37547.46187
55 1218092.855 43825.66345 6090.464275 37735.19918
56 1180357.656 43825.66345 5901.788279 37923.87517
57 1142433.781 43825.66345 5712.168903 38113.49455
58 1104320.286 43825.66345 5521.601431 38304.06202
59 1066016.224 43825.66345 5330.081121 38495.58233
60 1027520.642 43825.66345 5137.603209 38688.06024
61 988832.5815 43825.66345 4944.162908 38881.50054
62 949951.081 43825.66345 4749.755405 39075.90805
63 910875.1729 43825.66345 4554.375865 39271.28759
64 871603.8854 43825.66345 4358.019427 39467.64402
 65 832136.2413 43825.66345 4160.681207 39664.98224
66 792471.2591 43825.66345 3962.356295 39863.30716
67 752607.9519 43825.66345 3763.03976 40062.62369
68 712545.3282 43825.66345 3562.726641 40262.93681
69 672282.3914 43825.66345 3361.411957 40464.25149
70 631818.1399 43825.66345 3159.0907 40666.57275
71 591151.5672 43825.66345 2955.757836 40869.90562
72 550281.6616 43825.66345 2751.408308 41074.25514
73 509207.4064 43825.66345 2546.037032 41279.62642
74 467927.78 43825.66345 2339.6389 41486.02455
75 426441.7555 43825.66345 2132.208777 41693.45467
76 384748.3008 43825.66345 1923.741504 41901.92195
77 342846.3788 43825.66345 1714.231894 42111.43156
78 300734.9473 43825.66345 1503.674736 42321.98871
79 258412.9586 43825.66345 1292.064793 42533.59866
80 215879.3599 43825.66345 1079.3968 42746.26665
81 173133.0932 43825.66345 865.6654662 42959.99799
82 130173.0953 43825.66345 650.8654763 43174.79798
83 86998.29729 43825.66345 434.9914864 43390.67196
84 43607.62532 43825.66345 218.0381266 43607.62532
TOTAL 0 3681355.73 681355.7299 3000000
FOR 11 YEARS
A= 3000000
r= 6% = 0.06
WHERE:
n= 12
B- Loan’s initial amount
N= 84
r- rate of interest
r/n= 0.06/12 = 0.005
n- compounding period
R= A¿
N- number of payments
R= A¿
R- monthly payment
R= 31101.10388

Table of amortization

11 YEARS     0.005 QP-interest

  Balance Monthly Payment Interest Principal Repaid
1 3000000 31101.10388 15000 16101.10388
2 2983898.896 31101.10388 14919.49448 16181.6094
3 2967717.287 31101.10388 14838.58643 16262.51745
4 2951454.769 31101.10388 14757.27385 16343.83003
5 2935110.939 31101.10388 14675.5547 16425.54918
6 2918685.39 31101.10388 14593.42695 16507.67693
7 2902177.713 31101.10388 14510.88857 16590.21531
8 2885587.498 31101.10388 14427.93749 16673.16639
9 2868914.331 31101.10388 14344.57166 16756.53222
10 2852157.799 31101.10388 14260.789 16840.31488
11 2835317.484 31101.10388 14176.58742 16924.51646
12 2818392.968 31101.10388 14091.96484 17009.13904
13 2801383.829 31101.10388 14006.91914 17094.18474
14 2784289.644 31101.10388 13921.44822 17179.65566
15 2767109.988 31101.10388 13835.54994 17265.55394
16 2749844.434 31101.10388 13749.22217 17351.88171
17 2732492.553 31101.10388 13662.46276 17438.64112
18 2715053.912 31101.10388 13575.26956 17525.83432
19 2697528.077 31101.10388 13487.64039 17613.46349
20 2679914.614 31101.10388 13399.57307 17701.53081
21 2662213.083 31101.10388 13311.06542 17790.03847
22 2644423.045 31101.10388 13222.11522 17878.98866
23 2626544.056 31101.10388 13132.72028 17968.3836
24 2608575.672 31101.10388 13042.87836 18058.22552
25 2590517.447 31101.10388 12952.58723 18148.51665
26 2572368.93 31101.10388 12861.84465 18239.25923
27 2554129.671 31101.10388 12770.64835 18330.45553
28 2535799.215 31101.10388 12678.99608 18422.1078
29 2517377.108 31101.10388 12586.88554 18514.21834
30 2498862.889 31101.10388 12494.31445 18606.78943
31 2480256.1 31101.10388 12401.2805 18699.82338
32 2461556.276 31101.10388 12307.78138 18793.3225
33 2442762.954 31101.10388 12213.81477 18887.28911
34 2423875.665 31101.10388 12119.37832 18981.72556
35 2404893.939 31101.10388 12024.4697 19076.63418
36 2385817.305 31101.10388 11929.08653 19172.01736
37 2366645.288 31101.10388 11833.22644 19267.87744
38 2347377.41 31101.10388 11736.88705 19364.21683
39 2328013.193 31101.10388 11640.06597 19461.03791
40 2308552.156 31101.10388 11542.76078 19558.3431
41 2288993.812 31101.10388 11444.96906 19656.13482
42 2269337.678 31101.10388 11346.68839 19754.41549
43 2249583.262 31101.10388 11247.91631 19853.18757
44 2229730.075 31101.10388 11148.65037 19952.45351
45 2209777.621 31101.10388 11048.88811 20052.21578
46 2189725.405 31101.10388 10948.62703 20152.47685
47 2169572.928 31101.10388 10847.86464 20253.23924
48 2149319.689 31101.10388 10746.59845 20354.50543
49 2128965.184 31101.10388 10644.82592 20456.27796
50 2108508.906 31101.10388 10542.54453 20558.55935
51 2087950.346 31101.10388 10439.75173 20661.35215
52 2067288.994 31101.10388 10336.44497 20764.65891
53 2046524.335 31101.10388 10232.62168 20868.4822
54 2025655.853 31101.10388 10128.27927 20972.82461
55 2004683.029 31101.10388 10023.41514 21077.68874
56 1983605.34 31101.10388 9918.026699 21183.07718
57 1962422.263 31101.10388 9812.111313 21288.99257
58 1941133.27 31101.10388 9705.66635 21395.43753
59 1919737.833 31101.10388 9598.689163 21502.41472
60 1898235.418 31101.10388 9491.177089 21609.92679
61 1876625.491 31101.10388 9383.127455 21717.97643
62 1854907.515 31101.10388 9274.537573 21826.56631
63 1833080.948 31101.10388 9165.404741 21935.69914
64 1811145.249 31101.10388 9055.726246 22045.37763
65 1789099.872 31101.10388 8945.499358 22155.60452
66 1766944.267 31101.10388 8834.721335 22266.38255
 67 1744677.884 31101.10388 8723.389422 22377.71446
68 1722300.17 31101.10388 8611.50085 22489.60303
69 1699810.567 31101.10388 8499.052835 22602.05105
70 1677208.516 31101.10388 8386.04258 22715.0613
71 1654493.455 31101.10388 8272.467273 22828.63661
72 1631664.818 31101.10388 8158.32409 22942.77979
73 1608722.038 31101.10388 8043.610191 23057.49369
74 1585664.545 31101.10388 7928.322723 23172.78116
75 1562491.763 31101.10388 7812.458817 23288.64506
76 1539203.118 31101.10388 7696.015591 23405.08829
77 1515798.03 31101.10388 7578.99015 23522.11373
78 1492275.916 31101.10388 7461.379581 23639.7243
79 1468636.192 31101.10388 7343.18096 23757.92292
80 1444878.269 31101.10388 7224.391345 23876.71254
81 1421001.557 31101.10388 7105.007783 23996.0961
82 1397005.46 31101.10388 6985.027302 24116.07658
83 1372889.384 31101.10388 6864.446919 24236.65696
84 1348652.727 31101.10388 6743.263634 24357.84025
85 1324294.887 31101.10388 6621.474433 24479.62945
86 1299815.257 31101.10388 6499.076286 24602.02759
87 1275213.23 31101.10388 6376.066148 24725.03773
88 1250488.192 31101.10388 6252.440959 24848.66292
89 1225639.529 31101.10388 6128.197645 24972.90624
90 1200666.623 31101.10388 6003.333113 25097.77077
91 1175568.852 31101.10388 5877.84426 25223.25962
92 1150345.592 31101.10388 5751.727962 25349.37592
93 1124996.216 31101.10388 5624.981082 25476.1228
94 1099520.094 31101.10388 5497.600468 25603.50341
95 1073916.59 31101.10388 5369.582951 25731.52093
96 1048185.069 31101.10388 5240.925346 25860.17853
97 1022324.891 31101.10388 5111.624454 25989.47943
98 996335.4113 31101.10388 4981.677056 26119.42682
99 970215.9845 31101.10388 4851.079922 26250.02396
100 943965.9605 31101.10388 4719.829803 26381.27408
101 917584.6864 31101.10388 4587.923432 26513.18045
102 891071.506 31101.10388 4455.35753 26645.74635
103 864425.7596 31101.10388 4322.128798 26778.97508
104 837646.7845 31101.10388 4188.233923 26912.86996
105 810733.9146 31101.10388 4053.669573 27047.43431
106 783686.4803 31101.10388 3918.432401 27182.67148
107 756503.8088 31101.10388 3782.519044 27318.58484
108 729185.224 31101.10388 3645.92612 27455.17776
109 701730.0462 31101.10388 3508.650231 27592.45365
 110 674137.5926 31101.10388 3370.687963 27730.41592
111 646407.1766 31101.10388 3232.035883 27869.068
112 618538.1086 31101.10388 3092.690543 28008.41334
113 590529.6953 31101.10388 2952.648477 28148.4554
114 562381.2399 31101.10388 2811.9062 28289.19768
115 534092.0422 31101.10388 2670.460211 28430.64367
116 505661.3986 31101.10388 2528.306993 28572.79689
117 477088.6017 31101.10388 2385.443008 28715.66087
118 448372.9408 31101.10388 2241.864704 28859.23918
119 419513.7016 31101.10388 2097.568508 29003.53537
120 390510.1662 31101.10388 1952.550831 29148.55305
121 361361.6132 31101.10388 1806.808066 29294.29581
122 332067.3174 31101.10388 1660.336587 29440.76729
123 302626.5501 31101.10388 1513.13275 29587.97113
124 273038.579 31101.10388 1365.192895 29735.91099
125 243302.668 31101.10388 1216.51334 29884.59054
126 213418.0774 31101.10388 1067.090387 30034.01349
127 183384.0639 31101.10388 916.9203197 30184.18356
128 153199.8804 31101.10388 765.9994019 30335.10448
129 122864.7759 31101.10388 614.3238795 30486.78
130 92377.99589 31101.10388 461.8899795 30639.2139
131 61738.78199 31101.10388 308.69391 30792.40997
132 30946.37202 31101.10388 154.7318601 30946.37202
TOTAL 0 4105345.712 1105345.712 3000000
FOR 13 YEARS
A= 3000000
r= 6% = 0.06
WHERE:
n= 12
C- Loan’s initial amount
N= 84
r- rate of interest
r/n= 0.06/12 = 0.005
n- compounding period
R= A¿
N- number of payments
R= A¿
R- monthly payment
R= 27741.70333

Table of amortization

13 YEARS     0.005 QP-interest

  Balance Monthly Payment Interest Principal Repaid
1 3000000 27741.70333 15000 12741.70333
2 2987258.297 27741.70333 14936.29148 12805.41185
3 2974452.885 27741.70333 14872.26442 12869.43891
4 2961583.446 27741.70333 14807.91723 12933.7861
5 2948649.66 27741.70333 14743.2483 12998.45503
6 2935651.205 27741.70333 14678.25602 13063.44731
7 2922587.757 27741.70333 14612.93879 13128.76454
8 2909458.993 27741.70333 14547.29496 13194.40837
9 2896264.585 27741.70333 14481.32292 13260.38041
10 2883004.204 27741.70333 14415.02102 13326.68231
11 2869677.522 27741.70333 14348.38761 13393.31572
12 2856284.206 27741.70333 14281.42103 13460.2823
13 2842823.924 27741.70333 14214.11962 13527.58371
14 2829296.34 27741.70333 14146.4817 13595.22163
15 2815701.118 27741.70333 14078.50559 13663.19774
16 2802037.921 27741.70333 14010.1896 13731.51373
17 2788306.407 27741.70333 13941.53203 13800.1713
18 2774506.236 27741.70333 13872.53118 13869.17215
19 2760637.064 27741.70333 13803.18532 13938.51801
20 2746698.546 27741.70333 13733.49273 14008.2106
21 2732690.335 27741.70333 13663.45167 14078.25166
22 2718612.083 27741.70333 13593.06042 14148.64292
23 2704463.44 27741.70333 13522.3172 14219.38613
24 2690244.054 27741.70333 13451.22027 14290.48306
25 2675953.571 27741.70333 13379.76786 14361.93548
26 2661591.636 27741.70333 13307.95818 14433.74515
27 2647157.891 27741.70333 13235.78945 14505.91388
28 2632651.977 27741.70333 13163.25988 14578.44345
29 2618073.533 27741.70333 13090.36767 14651.33567
30 2603422.198 27741.70333 13017.11099 14724.59234
31 2588697.605 27741.70333 12943.48803 14798.21531
32 2573899.39 27741.70333 12869.49695 14872.20638
33 2559027.184 27741.70333 12795.13592 14946.56741
34 2544080.616 27741.70333 12720.40308 15021.30025
35 2529059.316 27741.70333 12645.29658 15096.40675
36 2513962.909 27741.70333 12569.81455 15171.88879
37 2498791.02 27741.70333 12493.9551 15247.74823
38 2483543.272 27741.70333 12417.71636 15323.98697
39 2468219.285 27741.70333 12341.09643 15400.60691
40 2452818.678 27741.70333 12264.09339 15477.60994
41 2437341.068 27741.70333 12186.70534 15554.99799
42 2421786.07 27741.70333 12108.93035 15632.77298
43 2406153.297 27741.70333 12030.76649 15710.93685
44 2390442.36 27741.70333 11952.2118 15789.49153
45 2374652.869 27741.70333 11873.26434 15868.43899
46 2358784.43 27741.70333 11793.92215 15947.78118
47 2342836.649 27741.70333 11714.18324 16027.52009
48 2326809.129 27741.70333 11634.04564 16107.65769
49 2310701.471 27741.70333 11553.50735 16188.19598
50 2294513.275 27741.70333 11472.56637 16269.13696
51 2278244.138 27741.70333 11391.22069 16350.48264
52 2261893.655 27741.70333 11309.46828 16432.23506
53 2245461.42 27741.70333 11227.3071 16514.39623
54 2228947.024 27741.70333 11144.73512 16596.96821
55 2212350.056 27741.70333 11061.75028 16679.95305
56 2195670.103 27741.70333 10978.35051 16763.35282
57 2178906.75 27741.70333 10894.53375 16847.16958
58 2162059.58 27741.70333 10810.2979 16931.40543
59 2145128.175 27741.70333 10725.64087 17016.06246
60 2128112.113 27741.70333 10640.56056 17101.14277
61 2111010.97 27741.70333 10555.05485 17186.64848
62 2093824.321 27741.70333 10469.12161 17272.58173
63 2076551.74 27741.70333 10382.7587 17358.94463
64 2059192.795 27741.70333 10295.96397 17445.73936
65 2041747.056 27741.70333 10208.73528 17532.96805
66 2024214.088 27741.70333 10121.07044 17620.63289
 67 2006593.455 27741.70333 10032.96727 17708.73606
68 1988884.719 27741.70333 9944.423593 17797.27974
69 1971087.439 27741.70333 9855.437194 17886.26614
70 1953201.173 27741.70333 9766.005863 17975.69747
71 1935225.475 27741.70333 9676.127376 18065.57596
72 1917159.899 27741.70333 9585.799496 18155.90384
73 1899003.995 27741.70333 9495.019977 18246.68335
74 1880757.312 27741.70333 9403.78656 18337.91677
75 1862419.395 27741.70333 9312.096976 18429.60636
76 1843989.789 27741.70333 9219.948945 18521.75439
77 1825468.035 27741.70333 9127.340173 18614.36316
78 1806853.671 27741.70333 9034.268357 18707.43498
79 1788146.236 27741.70333 8940.731182 18800.97215
80 1769345.264 27741.70333 8846.726321 18894.97701
81 1750450.287 27741.70333 8752.251436 18989.4519
82 1731460.835 27741.70333 8657.304177 19084.39916
83 1712376.436 27741.70333 8561.882181 19179.82115
84 1693196.615 27741.70333 8465.983075 19275.72026
85 1673920.895 27741.70333 8369.604474 19372.09886
86 1654548.796 27741.70333 8272.74398 19468.95935
87 1635079.837 27741.70333 8175.399183 19566.30415
88 1615513.532 27741.70333 8077.567662 19664.13567
89 1595849.397 27741.70333 7979.246984 19762.45635
90 1576086.94 27741.70333 7880.434702 19861.26863
91 1556225.672 27741.70333 7781.128359 19960.57497
92 1536265.097 27741.70333 7681.325484 20060.37785
93 1516204.719 27741.70333 7581.023595 20160.67974
94 1496044.039 27741.70333 7480.220196 20261.48314
95 1475782.556 27741.70333 7378.912781 20362.79055
96 1455419.766 27741.70333 7277.098828 20464.6045
97 1434955.161 27741.70333 7174.775805 20566.92753
98 1414388.234 27741.70333 7071.941168 20669.76216
99 1393718.471 27741.70333 6968.592357 20773.11098
100 1372945.36 27741.70333 6864.726802 20876.97653
101 1352068.384 27741.70333 6760.341919 20981.36141
102 1331087.022 27741.70333 6655.435112 21086.26822
103 1310000.754 27741.70333 6550.003771 21191.69956
104 1288809.055 27741.70333 6444.045273 21297.65806
105 1267511.397 27741.70333 6337.556983 21404.14635
106 1246107.25 27741.70333 6230.536251 21511.16708
107 1224596.083 27741.70333 6122.980416 21618.72292
108 1202977.36 27741.70333 6014.886801 21726.81653
109 1181250.544 27741.70333 5906.252719 21835.45061
110 1159415.093 27741.70333 5797.075466 21944.62787
111 1137470.465 27741.70333 5687.352326 22054.35101
112 1115416.114 27741.70333 5577.080571 22164.62276
113 1093251.491 27741.70333 5466.257457 22275.44587
114 1070976.046 27741.70333 5354.880228 22386.8231
115 1048589.222 27741.70333 5242.946112 22498.75722
116 1026090.465 27741.70333 5130.452326 22611.25101
117 1003479.214 27741.70333 5017.396071 22724.30726
118 980754.907 27741.70333 4903.774535 22837.9288
119 957916.9782 27741.70333 4789.584891 22952.11844
120 934964.8598 27741.70333 4674.824299 23066.87903
121 911897.9807 27741.70333 4559.489904 23182.21343
122 888715.7673 27741.70333 4443.578837 23298.1245
123 865417.6428 27741.70333 4327.088214 23414.61512
124 842003.0277 27741.70333 4210.015138 23531.68819
125 818471.3395 27741.70333 4092.356697 23649.34663
126 794821.9929 27741.70333 3974.109964 23767.59337
127 771054.3995 27741.70333 3855.271997 23886.43133
128 747167.9682 27741.70333 3735.839841 24005.86349
129 723162.1047 27741.70333 3615.810523 24125.89281
130 699036.2119 27741.70333 3495.181059 24246.52227
131 674789.6896 27741.70333 3373.948448 24367.75488
132 650421.9347 27741.70333 3252.109674 24489.59366
133 625932.341 27741.70333 3129.661705 24612.04163
134 601320.2994 27741.70333 3006.601497 24735.10183
135 576585.1976 27741.70333 2882.925988 24858.77734
136 551726.4202 27741.70333 2758.632101 24983.07123
137 526743.349 27741.70333 2633.716745 25107.98659
138 501635.3624 27741.70333 2508.176812 25233.52652
139 476401.8359 27741.70333 2382.00918 25359.69415
140 451042.1418 27741.70333 2255.210709 25486.49262
141 425555.6491 27741.70333 2127.778246 25613.92509
142 399941.724 27741.70333 1999.70862 25741.99471
143 374199.7293 27741.70333 1870.998647 25870.70469
144 348329.0246 27741.70333 1741.645123 26000.05821
145 322328.9664 27741.70333 1611.644832 26130.0585
146 296198.9079 27741.70333 1480.99454 26260.70879
147 269938.1991 27741.70333 1349.690996 26392.01234
148 243546.1868 27741.70333 1217.730934 26523.9724
149 217022.2144 27741.70333 1085.111072 26656.59226
150 190365.6221 27741.70333 951.8281107 26789.87522
151 163575.7469 27741.70333 817.8787346 26923.8246
152 136651.9223 27741.70333 683.2596116 27058.44372
 153 109593.4786 27741.70333 547.967393 27193.73594
154 82399.74267 27741.70333 411.9987133 27329.70462
155 55070.03805 27741.70333 275.3501903 27466.35314
156 27603.68491 27741.70333 138.0184245 27603.68491
TOTAL 0 4327705.72 1327705.72 3000000