Calculation of EMI with Prepayment Option

Annual Interest Rate 8.00%

Years 1
Number of Payment Per Year 12
Original Balance $ 150,000.00
Prepayment $ 10,000.00

Month EMI Interest Principal Balance Paid Loan

0 $ 140,000.00 0.00%
1 ($12,178.38) ($933.33) ($11,245.05) $ 128,754.95 8.03%
2 ($12,178.38) ($858.37) ($11,320.01) $ 117,434.94 16.12%
3 ($12,178.38) ($782.90) ($11,395.48) $ 106,039.46 24.26%
4 ($12,178.38) ($706.93) ($11,471.45) $ 94,568.01 32.45%
5 ($12,178.38) ($630.45) ($11,547.93) $ 83,020.08 40.70%
6 ($12,178.38) ($553.47) ($11,624.91) $ 71,395.17 49.00%
7 ($12,178.38) ($475.97) ($11,702.41) $ 59,692.76 57.36%
8 ($12,178.38) ($397.95) ($11,780.43) $ 47,912.33 65.78%
9 ($12,178.38) ($319.42) ($11,858.96) $ 36,053.36 74.25%
10 ($12,178.38) ($240.36) ($11,938.02) $ 24,115.34 82.77%
11 ($12,178.38) ($160.77) ($12,017.61) $ 12,097.73 91.36%
12 ($12,178.38) ($80.65) ($12,097.73) 0.00 100.00%
#DIV/0!
 Calculation of EMI

Annual Interest Rate 8.00%

Years 1
Number of Payment Per Year 12
Original Balance $ 150,000.00
Prepayment $ 10,000.00

Month EMI Interest Principal Balance Paid Loan

0 $ 140,000.00 0.00%
1 ($12,178.38)
2 ($12,178.38)
3 ($12,178.38)
4 ($12,178.38)
5 ($12,178.38)
6 ($12,178.38)
7 ($12,178.38)
8 ($12,178.38)
9 ($12,178.38)
10 ($12,178.38)
11 ($12,178.38)
12 ($12,178.38)
#DIV/0!
 Use of IPMT Function

Annual Interest Rate 8.00%

Years 1
Number of Payment Per Year 12
Original Balance $ 150,000.00
Prepayment $ 10,000.00

Month EMI Interest Principal Balance Paid Loan

0 $ 140,000.00 0.00%
1 ($12,178.38) ($933.33)
2 ($12,178.38) ($858.37)
3 ($12,178.38) ($782.90)
4 ($12,178.38) ($706.93)
5 ($12,178.38) ($630.45)
6 ($12,178.38) ($553.47)
7 ($12,178.38) ($475.97)
8 ($12,178.38) ($397.95)
9 ($12,178.38) ($319.42)
10 ($12,178.38) ($240.36)
11 ($12,178.38) ($160.77)
12 ($12,178.38) ($80.65)
#DIV/0!
 Calculation of Principal

Annual Interest Rate 8.00%

Years 1
Number of Payment Per Year 12
Original Balance $ 150,000.00
Prepayment $ 10,000.00

Month EMI Interest Principal Balance Paid Loan

0 $ 140,000.00 0.00%
1 ($12,178.38) ($933.33) ($11,245.05)
2 ($12,178.38) ($858.37) ($11,320.01)
3 ($12,178.38) ($782.90) ($11,395.48)
4 ($12,178.38) ($706.93) ($11,471.45)
5 ($12,178.38) ($630.45) ($11,547.93)
6 ($12,178.38) ($553.47) ($11,624.91)
7 ($12,178.38) ($475.97) ($11,702.41)
8 ($12,178.38) ($397.95) ($11,780.43)
9 ($12,178.38) ($319.42) ($11,858.96)
10 ($12,178.38) ($240.36) ($11,938.02)
11 ($12,178.38) ($160.77) ($12,017.61)
12 ($12,178.38) ($80.65) ($12,097.73)
#DIV/0!
 Application of Mathematical Summation Formula

Annual Interest Rate 8.00%

Years 1
Number of Payment Per Year 12
Original Balance $ 150,000.00
Prepayment $ 10,000.00

Month EMI Interest Principal Balance Paid Loan

0 $ 140,000.00
1 ($12,178.38) ($933.33) ($11,245.05) $ 128,754.95
2 ($12,178.38) ($858.37) ($11,320.01) $ 117,434.94
3 ($12,178.38) ($782.90) ($11,395.48) $ 106,039.46
4 ($12,178.38) ($706.93) ($11,471.45) $ 94,568.01
5 ($12,178.38) ($630.45) ($11,547.93) $ 83,020.08
6 ($12,178.38) ($553.47) ($11,624.91) $ 71,395.17
7 ($12,178.38) ($475.97) ($11,702.41) $ 59,692.76
8 ($12,178.38) ($397.95) ($11,780.43) $ 47,912.33
9 ($12,178.38) ($319.42) ($11,858.96) $ 36,053.36
10 ($12,178.38) ($240.36) ($11,938.02) $ 24,115.34
11 ($12,178.38) ($160.77) ($12,017.61) $ 12,097.73
12 ($12,178.38) ($80.65) ($12,097.73) 0.00
#DIV/0!
 Calculation of Paid Loan in Percentage

Annual Interest Rate 8.00%

Years 1
Number of Payment Per Year 12
Original Balance $ 150,000.00
Prepayment $ 10,000.00

Month EMI Interest Principal Balance Paid Loan

0 $ 140,000.00 0.00%
1 ($12,178.38) ($933.33) ($11,245.05) $ 128,754.95 8.03%
2 ($12,178.38) ($858.37) ($11,320.01) $ 117,434.94 16.12%
3 ($12,178.38) ($782.90) ($11,395.48) $ 106,039.46 24.26%
4 ($12,178.38) ($706.93) ($11,471.45) $ 94,568.01 32.45%
5 ($12,178.38) ($630.45) ($11,547.93) $ 83,020.08 40.70%
6 ($12,178.38) ($553.47) ($11,624.91) $ 71,395.17 49.00%
7 ($12,178.38) ($475.97) ($11,702.41) $ 59,692.76 57.36%
8 ($12,178.38) ($397.95) ($11,780.43) $ 47,912.33 65.78%
9 ($12,178.38) ($319.42) ($11,858.96) $ 36,053.36 74.25%
10 ($12,178.38) ($240.36) ($11,938.02) $ 24,115.34 82.77%
11 ($12,178.38) ($160.77) ($12,017.61) $ 12,097.73 91.36%
12 ($12,178.38) ($80.65) ($12,097.73) 0.00 100.00%
#DIV/0!