Loan calculation amount - Calculation of loan installment amount

Loan 16000 over 5 Months, Interest Rate 3.95%, Calculate total principal and interest.

Loan Amount	Dollar
Loan Terms	Custom loan term 1 Years(12 Months) 2 Years(24 Months) 3 Years(36 Months) 4 Years(48 Months) 5 Years(60 Months) 6 Years(72 Months) 7 Years(84 Months) 8 Years(96 Months) 9 Years(108 Months) 10 Years(120 Months) 11 Years(132 Months) 12 Years(144 Months) 13 Years(156 Months) 14 Years(168 Months) 15 Years(180 Months) 16 Years(192 Months) 17 Years(204 Months) 18 Years(216 Months) 19 Years(228 Months) 20 Years(240 Months) 21 Years(252 Months) 22 Years(264 Months) 23 Years(276 Months) 24 Years(288 Months) 25 Years(300 Months) 26 Years(312 Months) 27 Years(324 Months) 28 Years(336 Months) 29 Years(348 Months) 30 Years(360 Months)
Loan Terms	Months
Interest Rate	%
First Payment Date	Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Equal principal and interest repayment method

Total loan amount	$ 16000
Repayment months	5 Months
Monthly repayment	$ 3231.67
Repayment characteristics	The monthly repayment amount is equal.
Total interest amount	$ 158.35
Total principal and interest	$ 16158.35

Equal principal repayment method

Total loan amount	$ 16000
Repayment months	5 Months
First month repayment amount	$ 3252.67
Monthly decreasing	$ 10.53
Total interest amount	$ 158.00
Total principal and interest	$ 16158.00
Save interest	$ 0.35