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Equal principal and interest, calculation of loan installment amount.

Loan 13000 over 6 Months, Equal principal and interest, interest rate 13.80%
Payment Date Payment # Monthly Repayment Repayment Interest Repayment Principal Remaining Balance
Sep, 2024 1 $2254.71 $149.50 $2105.21 $10894.79
Oct, 2024 2 $2254.71 $125.29 $2129.42 $8765.38
Nov, 2024 3 $2254.71 $100.80 $2153.90 $6611.47
Dec, 2024 4 $2254.71 $76.03 $2178.67 $4432.80
Jan, 2025 5 $2254.71 $50.98 $2203.73 $2229.07
Feb, 2025 6 $2254.71 $25.63 $2229.07 $0.00

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