Loan calculation amount

Loan calculation amount - Calculation of loan installment amount

Loan 25000 over 6 Months, Interest Rate 23.99%, 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  $ 25000
Repayment months  6 Months
Monthly repayment  $ 4463.02
Repayment characteristics  The monthly repayment amount is equal. 
Total interest amount  $ 1778.12
Total principal and interest  $ 26778.12


Equal principal repayment method

Total loan amount  $ 25000
Repayment months  6 Months
First month repayment amount  $ 4666.46
Monthly decreasing  $ 83.30
Total interest amount  $ 1749.27
Total principal and interest  $ 26749.27
Save interest  $ 28.85



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