Loan calculation amount

Loan calculation amount - Calculation of loan installment amount

Loan 9000 over 5 Years, Interest Rate 5%, 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  $ 169.84
Repayment characteristics  The monthly repayment amount is equal. 
Total interest amount  $ 1190.47
Total principal and interest  $ 10190.47


Equal principal repayment method

Total loan amount  $ 9000
Repayment months  60 Months
First month repayment amount  $ 187.50
Monthly decreasing  $ 0.63
Total interest amount  $ 1143.75
Total principal and interest  $ 10143.75
Save interest  $ 46.72



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