Professional Documents
Culture Documents
Loan Amount
Effective Interest Rate
Principal Payment Per Period
Number of Payments per Year
Total Number of Payments
Timing of Payment:
Period
0
1
2
3
4
5
6
7
8
9
10
11
12
Payment
$2,700.0
$2,620.8
$2,541.7
$2,462.5
$2,383.3
$2,304.2
$2,225.0
$2,145.8
$2,066.7
$1,987.5
$1,908.3
$1,829.2
27,175.00
21,000.00
54.29%
12
12
1
Interest
950.00
870.83
791.67
712.50
633.33
554.17
475.00
395.83
316.67
237.50
158.33
79.17
6,175.00
6,175.00
-
Facility
Other Charges Rate
Other Charges
Rate
Deposit
30,000.00
13%
3,900.00
20.00%
9,000.00
Principal
Remaining
Interest
Reduction
Balance
Rate
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
1,750.00
21,000.00
$21,000.00
$19,250.00
$17,500.00
$15,750.00
$14,000.00
$12,250.00
$10,500.00
$8,750.00
$7,000.00
$5,250.00
$3,500.00
$1,750.00
$0.00
4.52%
4.52%
4.52%
4.52%
4.52%
4.52%
4.52%
4.52%
4.52%
4.52%
4.52%
4.52%
54.29%