Loan calculation amount

Loan calculation amount - Calculation of loan installment amount

Loan 9000 over 5 Years, Interest Rate 3.85%, 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  $ 9000
Repayment months  60 Months
Monthly repayment  $ 165.14
Repayment characteristics  The monthly repayment amount is equal. 
Total interest amount  $ 908.41
Total principal and interest  $ 9908.41


Equal principal repayment method

Total loan amount  $ 9000
Repayment months  60 Months
First month repayment amount  $ 178.87
Monthly decreasing  $ 0.48
Total interest amount  $ 880.69
Total principal and interest  $ 9880.69
Save interest  $ 27.72



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