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Project 6

The document outlines a loan amortization schedule for a $5,000 loan at a 4% annual interest rate, with a scheduled payment of $425.75 over 12 months. It includes details on extra payments totaling $900 and a total interest of $89.62. The loan is set to start on March 27, 2025, and the lender is Woodgrove Bank.

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2 views

Project 6

The document outlines a loan amortization schedule for a $5,000 loan at a 4% annual interest rate, with a scheduled payment of $425.75 over 12 months. It includes details on extra payments totaling $900 and a total interest of $89.62. The loan is set to start on March 27, 2025, and the lender is Woodgrove Bank.

Uploaded by

2100006192
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/ 10

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 3/27/2025 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 3/27/2025 $5,000.00 $425.75 $100.00 $525.75 $509.08 $16.67 $4,490.92 $16.67
2 4/27/2025 $4,490.92 $425.75 $100.00 $525.75 $510.78 $14.97 $3,980.14 $31.64
3 5/27/2025 $3,980.14 $425.75 $100.00 $525.75 $512.48 $13.27 $3,467.65 $44.90
4 6/27/2025 $3,467.65 $425.75 $100.00 $525.75 $514.19 $11.56 $2,953.46 $56.46
5 7/27/2025 $2,953.46 $425.75 $100.00 $525.75 $515.90 $9.84 $2,437.56 $66.31
6 8/27/2025 $2,437.56 $425.75 $100.00 $525.75 $517.62 $8.13 $1,919.94 $74.43
7 9/27/2025 $1,919.94 $425.75 $100.00 $525.75 $519.35 $6.40 $1,400.59 $80.83
8 10/27/2025 $1,400.59 $425.75 $100.00 $525.75 $521.08 $4.67 $879.50 $85.50
9 11/27/2025 $879.50 $425.75 $100.00 $525.75 $522.82 $2.93 $356.69 $88.43
10 12/27/2025 $356.69 $425.75 $0.00 $356.69 $355.50 $1.19 $0.00 $89.62
11 1/27/2026 $0.00 $425.75 $0.00 $0.00 $0.00 $0.00 $0.00 $89.62
12 2/27/2026 $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 10
Product TOTAL PAYMENT PRICE INTEREST Discount
TV 525.75 509.08 16.67 432.72
Laptop 525.75 510.78 14.97 434.16
Desktop 525.75 512.48 13.27 435.61
Camera 525.75 514.19 11.56 437.06
Projector 525.75 515.90 9.84 438.52
Printer 525.75 517.62 8.13 439.98
Keyboard 525.75 519.35 6.40 441.45
Mouse 525.75 521.08 4.67 442.92
BEGINNING BALANCE SCHEDULED PAYMENT EXTRA PAYMENT TOTAL PAYMENT
5000 425.74952097779 100 525.74952097779
4490.91714568888 425.74952097779 100 525.74952097779
3980.13734853005 425.74952097779 100 525.74952097779
3467.65495204736 425.74952097779 100 525.74952097779
2953.46428090973 425.74952097779 100 525.74952097779
2437.55964086831 425.74952097779 100 525.74952097779
1919.93531869341 425.74952097779 100 525.74952097779
1400.58558211126 425.74952097779 100 525.74952097779
879.504679740513 425.74952097779 100 525.74952097779
356.686841028525 425.74952097779 0 356.686841028525
PRINCIPAL INTEREST ENDING BALANCE CUMULATIVE INTEREST
509.08285431 16.666666667 4490.91714568888 16.6666666666667
510.77979716 14.969723819 3980.13734853005 31.6363904856296
512.48239648 13.267124495 3467.65495204736 44.9035149807298
514.19067114 11.55884984 2953.46428090973 56.4623648208876
515.90464004 9.8448809364 2437.55964086831 66.3072457572534
517.62432217 8.1251988029 1919.93531869341 74.4324445601477
519.34973658 6.3997843956 1400.58558211126 80.8322289557924
521.08090237 4.668618607 879.504679740513 85.50084756283
522.81783871 2.9316822658 356.686841028525 88.4325298286317
355.49788489 1.1889561368 0 89.6214859653935

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