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Project 6

The document presents a loan amortization schedule for a $5,000 loan with a 4.00% annual interest rate, scheduled to be paid over 12 months. It details monthly payments of $425.75, including an optional extra payment of $100, resulting in a total interest of $89.62. The loan is set to start on June 23, 2025, and includes a breakdown of principal and interest for each payment period.
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0% found this document useful (0 votes)
2 views10 pages

Project 6

The document presents a loan amortization schedule for a $5,000 loan with a 4.00% annual interest rate, scheduled to be paid over 12 months. It details monthly payments of $425.75, including an optional extra payment of $100, resulting in a total interest of $89.62. The loan is set to start on June 23, 2025, and includes a breakdown of principal and interest for each payment period.
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 6/23/2025 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 6/23/2025 $5,000.00 $425.75 $100.00 $525.75 $509.08 $16.67 $4,490.92 $16.67
2 7/23/2025 $4,490.92 $425.75 $100.00 $525.75 $510.78 $14.97 $3,980.14 $31.64
3 8/23/2025 $3,980.14 $425.75 $100.00 $525.75 $512.48 $13.27 $3,467.65 $44.90
4 9/23/2025 $3,467.65 $425.75 $100.00 $525.75 $514.19 $11.56 $2,953.46 $56.46
5 10/23/2025 $2,953.46 $425.75 $100.00 $525.75 $515.90 $9.84 $2,437.56 $66.31
6 11/23/2025 $2,437.56 $425.75 $100.00 $525.75 $517.62 $8.13 $1,919.94 $74.43
7 12/23/2025 $1,919.94 $425.75 $100.00 $525.75 $519.35 $6.40 $1,400.59 $80.83
8 1/23/2026 $1,400.59 $425.75 $100.00 $525.75 $521.08 $4.67 $879.50 $85.50
9 2/23/2026 $879.50 $425.75 $100.00 $525.75 $522.82 $2.93 $356.69 $88.43
10 3/23/2026 $356.69 $425.75 $0.00 $356.69 $355.50 $1.19 $0.00 $89.62
11 4/23/2026 $0.00 $425.75 $0.00 $0.00 $0.00 $0.00 $0.00 $89.62
12 5/23/2026 $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

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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
509.0828543 16.66666667 4490.91714568888 16.6666666666667
510.7797972 14.96972382 3980.13734853005 31.6363904856296
512.4823965 13.2671245 3467.65495204736 44.9035149807298
514.1906711 11.55884984 2953.46428090973 56.4623648208876
515.90464 9.844880936 2437.55964086831 66.3072457572534
517.6243222 8.125198803 1919.93531869341 74.4324445601477
519.3497366 6.399784396 1400.58558211126 80.8322289557924
521.0809024 4.668618607 879.504679740513 85.50084756283
522.8178387 2.931682266 356.686841028525 88.4325298286317
355.4978849 1.188956137 0 89.6214859653935

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