Loan calculation amount

Loan calculation amount - Calculation of loan installment amount

Loan 5000 over 1 Years, 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  $ 5000
Repayment months  12 Months
Monthly repayment  $ 472.77
Repayment characteristics  The monthly repayment amount is equal. 
Total interest amount  $ 673.29
Total principal and interest  $ 5673.29


Equal principal repayment method

Total loan amount  $ 5000
Repayment months  12 Months
First month repayment amount  $ 516.63
Monthly decreasing  $ 8.33
Total interest amount  $ 649.73
Total principal and interest  $ 5649.73
Save interest  $ 23.56



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