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Equal principal amount, calculation of loan installment amount.

Loan 122500 over 3 Years, Equal principal amount, interest rate 5.5%
Payment Date Payment # Monthly Repayment Repayment Interest Repayment Principal Remaining Balance
Sep, 2024 1 $3964.24 $561.46 $3402.78 $119097.22
Oct, 2024 2 $3948.64 $545.86 $3402.78 $115694.44
Nov, 2024 3 $3933.04 $530.27 $3402.78 $112291.67
Dec, 2024 4 $3917.45 $514.67 $3402.78 $108888.89
Jan, 2025 5 $3901.85 $499.07 $3402.78 $105486.11
Feb, 2025 6 $3886.26 $483.48 $3402.78 $102083.33
Mar, 2025 7 $3870.66 $467.88 $3402.78 $98680.56
Apr, 2025 8 $3855.06 $452.29 $3402.78 $95277.78
May, 2025 9 $3839.47 $436.69 $3402.78 $91875.00
Jun, 2025 10 $3823.87 $421.09 $3402.78 $88472.22
Jul, 2025 11 $3808.28 $405.50 $3402.78 $85069.44
Aug, 2025 12 $3792.68 $389.90 $3402.78 $81666.67
Sep, 2025 13 $3777.08 $374.31 $3402.78 $78263.89
Oct, 2025 14 $3761.49 $358.71 $3402.78 $74861.11
Nov, 2025 15 $3745.89 $343.11 $3402.78 $71458.33
Dec, 2025 16 $3730.30 $327.52 $3402.78 $68055.56
Jan, 2026 17 $3714.70 $311.92 $3402.78 $64652.78
Feb, 2026 18 $3699.10 $296.33 $3402.78 $61250.00
Mar, 2026 19 $3683.51 $280.73 $3402.78 $57847.22
Apr, 2026 20 $3667.91 $265.13 $3402.78 $54444.44
May, 2026 21 $3652.31 $249.54 $3402.78 $51041.67
Jun, 2026 22 $3636.72 $233.94 $3402.78 $47638.89
Jul, 2026 23 $3621.12 $218.34 $3402.78 $44236.11
Aug, 2026 24 $3605.53 $202.75 $3402.78 $40833.33
Sep, 2026 25 $3589.93 $187.15 $3402.78 $37430.56
Oct, 2026 26 $3574.33 $171.56 $3402.78 $34027.78
Nov, 2026 27 $3558.74 $155.96 $3402.78 $30625.00
Dec, 2026 28 $3543.14 $140.36 $3402.78 $27222.22
Jan, 2027 29 $3527.55 $124.77 $3402.78 $23819.44
Feb, 2027 30 $3511.95 $109.17 $3402.78 $20416.67
Mar, 2027 31 $3496.35 $93.58 $3402.78 $17013.89
Apr, 2027 32 $3480.76 $77.98 $3402.78 $13611.11
May, 2027 33 $3465.16 $62.38 $3402.78 $10208.33
Jun, 2027 34 $3449.57 $46.79 $3402.78 $6805.56
Jul, 2027 35 $3433.97 $31.19 $3402.78 $3402.78
Aug, 2027 36 $3418.37 $15.60 $3402.78 $0.00

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