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Equal principal amount, calculation of loan installment amount.

Loan 14000 over 1 Years, Equal principal amount, interest rate 4.7%
Payment Date Payment # Monthly Repayment Repayment Interest Repayment Principal Remaining Balance
Sep, 2024 1 $1221.50 $54.83 $1166.67 $12833.33
Oct, 2024 2 $1216.93 $50.26 $1166.67 $11666.67
Nov, 2024 3 $1212.36 $45.69 $1166.67 $10500.00
Dec, 2024 4 $1207.79 $41.13 $1166.67 $9333.33
Jan, 2025 5 $1203.22 $36.56 $1166.67 $8166.67
Feb, 2025 6 $1198.65 $31.99 $1166.67 $7000.00
Mar, 2025 7 $1194.08 $27.42 $1166.67 $5833.33
Apr, 2025 8 $1189.51 $22.85 $1166.67 $4666.67
May, 2025 9 $1184.94 $18.28 $1166.67 $3500.00
Jun, 2025 10 $1180.38 $13.71 $1166.67 $2333.33
Jul, 2025 11 $1175.81 $9.14 $1166.67 $1166.67
Aug, 2025 12 $1171.24 $4.57 $1166.67 $0.00

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