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Equal principal and interest, calculation of loan installment amount.

Loan 14600 over 6 Months, Equal principal and interest, interest rate 23.99%
Payment Date Payment # Monthly Repayment Repayment Interest Repayment Principal Remaining Balance
Sep, 2024 1 $2606.40 $291.88 $2314.53 $12285.47
Oct, 2024 2 $2606.40 $245.61 $2360.80 $9924.68
Nov, 2024 3 $2606.40 $198.41 $2407.99 $7516.69
Dec, 2024 4 $2606.40 $150.27 $2456.13 $5060.55
Jan, 2025 5 $2606.40 $101.17 $2505.23 $2555.32
Feb, 2025 6 $2606.40 $51.09 $2555.32 $0.00

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