INPUT CELLS

interest rate 7%
loan term 2
number of loan payment 12
loan amount $50,000

PERIOD PAYMENT INTEREST PRINCIPAL

1 ($2,238.63) ($291.67) ($1,946.96)
2 ($2,238.63) ($280.31) ($1,958.32)
3 ($2,238.63) ($268.89) ($1,969.74)
4 ($2,238.63) ($257.40) ($1,981.23)
5 ($2,238.63) ($245.84) ($1,992.79)
6 ($2,238.63) ($234.21) ($2,004.42)
7 ($2,238.63) ($222.52) ($2,016.11)
8 ($2,238.63) ($210.76) ($2,027.87)
9 ($2,238.63) ($198.93) ($2,039.70)
10 ($2,238.63) ($187.03) ($2,051.60)
11 ($2,238.63) ($175.07) ($2,063.56)
12 ($2,238.63) ($163.03) ($2,075.60)
13 ($2,238.63) ($150.92) ($2,087.71)
14 ($2,238.63) ($138.74) ($2,099.89)
15 ($2,238.63) ($126.49) ($2,112.14)
16 ($2,238.63) ($114.17) ($2,124.46)
17 ($2,238.63) ($101.78) ($2,136.85)
18 ($2,238.63) ($89.31) ($2,149.31)
19 ($2,238.63) ($76.78) ($2,161.85)
20 ($2,238.63) ($64.17) ($2,174.46)
21 ($2,238.63) ($51.48) ($2,187.15)
22 ($2,238.63) ($38.72) ($2,199.91)
23 ($2,238.63) ($25.89) ($2,212.74)
24 ($2,238.63) ($12.98) ($2,225.65)
BALANCE
$48,053.04
$46,094.72
$44,124.98
$42,143.74
$40,150.95
$38,146.54
$36,130.43
$34,102.56
$32,062.86
$30,011.27
$27,947.70
$25,872.10
$23,784.40
$21,684.51
$19,572.37
$17,447.92
$15,311.07
$13,161.75
$10,999.90
$8,825.44
$6,638.29
$4,438.38
$2,225.65
$0.00
 INPUT CELLS
Interest rate 7%
loan term 2
number of payments 12
loan amount $50,000

PERIOD PAYMENT INTEREST PRINCIPAL

1 $2,238.63 $291.67 $1,946.96
2 $2,238.63 $280.31 $1,958.32
3 $2,238.63 $268.89 $1,969.74
4 $2,238.63 $257.40 $1,981.23
5 $2,238.63 $245.84 $1,992.79
6 $2,238.63 $234.21 $2,004.42
7 $2,238.63 $222.52 $2,016.11
8 $2,238.63 $210.76 $2,027.87
9 $2,238.63 $198.93 $2,039.70
10 $2,238.63 $187.03 $2,051.60
11 $2,238.63 $175.07 $2,063.56
12 $2,238.63 $163.03 $2,075.60
13 $2,238.63 $150.92 $2,087.71
14 $2,238.63 $138.74 $2,099.89
15 $2,238.63 $126.49 $2,112.14
16 $2,238.63 $114.17 $2,124.46
17 $2,238.63 $101.78 $2,136.85
18 $2,238.63 $89.31 $2,149.31
19 $2,238.63 $76.78 $2,161.85
20 $2,238.63 $64.17 $2,174.46
21 $2,238.63 $51.48 $2,187.15
22 $2,238.63 $38.72 $2,199.91
23 $2,238.63 $25.89 $2,212.74
24 $2,238.63 $12.98 $2,225.65
BALANCE
$48,053.04
$46,094.72
$44,124.98
$42,143.74
$40,150.95
$38,146.54
$36,130.43
$34,102.56
$32,062.86
$30,011.27
$27,947.70
$25,872.10
$23,784.40
$21,684.51
$19,572.37
$17,447.92
$15,311.07
$13,161.75
$10,999.90
$8,825.44
$6,638.29
$4,438.38
$2,225.65
$0.00