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Project 6

The document outlines a loan amortization schedule detailing payments over 12 months for a $5,000 loan at 4% interest. It shows the payment amounts, interest, principal and balance over time with optional extra payments each month.

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juyongjoo
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13 views

Project 6

The document outlines a loan amortization schedule detailing payments over 12 months for a $5,000 loan at 4% interest. It shows the payment amounts, interest, principal and balance over time with optional extra payments each month.

Uploaded by

juyongjoo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 8

LOAN AMORTIZATION SCHEDULE

ENTER VALUES LOAN SUMMARY


Loan amount $5,000.00 Scheduled payment $425.75
Annual interest rate 4.00% Scheduled number of payments 12
Loan period in years 1 Actual number of payments
Number of payments per year 12 Total early payments $900.00
Start date of loan 10/29/2023 Total interest $89.62

Optional extra payments $100.00 LENDER NAME Woodgrove Bank

PMT BEGINNING SCHEDULED EXTRA TOTAL ENDING CUMULATIVE


PAYMENT DATE PRINCIPAL INTEREST
NO BALANCE PAYMENT PAYMENT PAYMENT BALANCE INTEREST
1 10/29/2023 $5,000.00 $425.75 $100.00 $525.75 $509.08 $16.67 $4,490.92 $16.67
2 11/29/2023 $4,490.92 $425.75 $100.00 $525.75 $510.78 $14.97 $3,980.14 $31.64
3 12/29/2023 $3,980.14 $425.75 $100.00 $525.75 $512.48 $13.27 $3,467.65 $44.90
4 1/29/2024 $3,467.65 $425.75 $100.00 $525.75 $514.19 $11.56 $2,953.46 $56.46
5 2/29/2024 $2,953.46 $425.75 $100.00 $525.75 $515.90 $9.84 $2,437.56 $66.31
6 3/29/2024 $2,437.56 $425.75 $100.00 $525.75 $517.62 $8.13 $1,919.94 $74.43
7 4/29/2024 $1,919.94 $425.75 $100.00 $525.75 $519.35 $6.40 $1,400.59 $80.83
8 5/29/2024 $1,400.59 $425.75 $100.00 $525.75 $521.08 $4.67 $879.50 $85.50
9 6/29/2024 $879.50 $425.75 $100.00 $525.75 $522.82 $2.93 $356.69 $88.43
10 7/29/2024 $356.69 $425.75 $0.00 $356.69 $355.50 $1.19 $0.00 $89.62
11 8/29/2024 $0.00 $425.75 $0.00 $0.00 $0.00 $0.00 $0.00 $89.62
12 9/29/2024 $0.00 $425.75 $0.00 $0.00 $0.00 $0.00 $0.00 $89.62
PMT BEGINNING SCHEDULED EXTRA TOTAL ENDING CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST
NO BALANCE PAYMENT PAYMENT PAYMENT BALANCE INTEREST

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PMT BEGINNING SCHEDULED EXTRA TOTAL ENDING CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST
NO BALANCE PAYMENT PAYMENT PAYMENT BALANCE INTEREST

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PMT BEGINNING SCHEDULED EXTRA TOTAL ENDING CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST
NO BALANCE PAYMENT PAYMENT PAYMENT BALANCE INTEREST

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PMT BEGINNING SCHEDULED EXTRA TOTAL ENDING CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST
NO BALANCE PAYMENT PAYMENT PAYMENT BALANCE INTEREST

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PMT BEGINNING SCHEDULED EXTRA TOTAL ENDING CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST
NO BALANCE PAYMENT PAYMENT PAYMENT BALANCE INTEREST

Page 6 of 8
Product TOTAL PAYMENT PRICE INTEREST Discount
TV 525.75 509.08 16.67
Laptop 525.75 510.78 14.97
Desktop 525.75 512.48 13.27
Camera 525.75 514.19 11.56
Projector 525.75 515.90 9.84
Printer 525.75 517.62 8.13
Keyboard 525.75 519.35 6.40
Mouse 525.75 521.08 4.67

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