Loan calculation amount

Loan calculation amount - Calculation of loan installment amount

Loan 23800 over 10 Months, Interest Rate 23%, Calculate total principal and interest.
Loan Amount Dollar
Loan Terms
Loan Terms Months
Interest Rate %
First Payment Date
 

Equal principal and interest repayment method

Total loan amount  $ 23800
Repayment months  10 Months
Monthly repayment  $ 2638.03
Repayment characteristics  The monthly repayment amount is equal. 
Total interest amount  $ 2580.32
Total principal and interest  $ 26380.32


Equal principal repayment method

Total loan amount  $ 23800
Repayment months  10 Months
First month repayment amount  $ 2836.17
Monthly decreasing  $ 45.62
Total interest amount  $ 2508.92
Total principal and interest  $ 26308.92
Save interest  $ 71.40



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