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Project 6 (1)

The document outlines a loan amortization schedule for a $5,000 loan at a 4.00% annual interest rate, with a scheduled payment of $425.75 over 12 months. It details the payment breakdown, including scheduled and extra payments, total principal, and interest paid. The loan is set to begin on March 10, 2025, with early payments totaling $900.00 and a total interest of $89.62.

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nguyntyy3007
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2 views

Project 6 (1)

The document outlines a loan amortization schedule for a $5,000 loan at a 4.00% annual interest rate, with a scheduled payment of $425.75 over 12 months. It details the payment breakdown, including scheduled and extra payments, total principal, and interest paid. The loan is set to begin on March 10, 2025, with early payments totaling $900.00 and a total interest of $89.62.

Uploaded by

nguyntyy3007
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 3/10/2025 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 3/10/2025 $5,000.00 $425.75 $100.00 $525.75 $509.08 $16.67 $4,490.92 $16.67
2 4/10/2025 $4,490.92 $425.75 $100.00 $525.75 $510.78 $14.97 $3,980.14 $31.64
3 5/10/2025 $3,980.14 $425.75 $100.00 $525.75 $512.48 $13.27 $3,467.65 $44.90
4 6/10/2025 $3,467.65 $425.75 $100.00 $525.75 $514.19 $11.56 $2,953.46 $56.46
5 7/10/2025 $2,953.46 $425.75 $100.00 $525.75 $515.90 $9.84 $2,437.56 $66.31
6 8/10/2025 $2,437.56 $425.75 $100.00 $525.75 $517.62 $8.13 $1,919.94 $74.43
7 9/10/2025 $1,919.94 $425.75 $100.00 $525.75 $519.35 $6.40 $1,400.59 $80.83
8 10/10/2025 $1,400.59 $425.75 $100.00 $525.75 $521.08 $4.67 $879.50 $85.50
9 11/10/2025 $879.50 $425.75 $100.00 $525.75 $522.82 $2.93 $356.69 $88.43
10 12/10/2025 $356.69 $425.75 $0.00 $356.69 $355.50 $1.19 $0.00 $89.62
11 1/10/2026 $0.00 $425.75 $0.00 $0.00 $0.00 $0.00 $0.00 $89.62
12 2/10/2026 $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 PRINCIPAL INTEREST
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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