Scribd Logo
Upload

Welcome to Scribd!

  • Amortization Table

    Uploaded by

    Im Candlestick
    5 views5 pages
    The document provides information to calculate an amortization schedule for a loan amount of $445,000 over 48 months at an interest rate of 1%. It lists the key elements - months, interest, principal, equal monthly installment (EMI), and balance - that need to be calculated and populated in the amortization table to check that the ending balance is zero, indicating a correct solution.

    Original Description:

    Original Title

    Amortization+table

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document provides information to calculate an amortization schedule for a loan amount of $445,000 over 48 months at an interest rate of 1%. It lists the key elements - months, interest, principal, equal monthly installment (EMI), and balance - that need to be calculated and populated in the amortization table to check that the ending balance is zero, indicating a correct solution.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views5 pages

    Amortization Table

    Uploaded by

    Im Candlestick
    The document provides information to calculate an amortization schedule for a loan amount of $445,000 over 48 months at an interest rate of 1%. It lists the key elements - months, interest, principal, equal monthly installment (EMI), and balance - that need to be calculated and populated in the amortization table to check that the ending balance is zero, indicating a correct solution.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Amortization Schedule - Prepare Amortization table

    Loan Amount 445000


    Months 48
    Interest Rate 1%

    Months 1 2 3 4 5 6 7 8
    Interest
    Principal
    EMI
    Balance

    Check - The balance at the end should be zero, if it is then your solution is correct
    9 10 11 12 13 14 15 16 17 18

    solution is correct
    19 20 21 22 23 24 25 26 27 28
    29 30 31 32 33 34 35 36 37 38
    39 40 41 42 43 44 45 46 47 48

    You might also like