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Equal principal amount, calculation of loan installment amount.

Loan 15000 over 5 Years, Equal principal amount, interest rate 4%
Payment Date Payment # Monthly Repayment Repayment Interest Repayment Principal Remaining Balance
Sep, 2024 1 $300.00 $50.00 $250.00 $14750.00
Oct, 2024 2 $299.17 $49.17 $250.00 $14500.00
Nov, 2024 3 $298.33 $48.33 $250.00 $14250.00
Dec, 2024 4 $297.50 $47.50 $250.00 $14000.00
Jan, 2025 5 $296.67 $46.67 $250.00 $13750.00
Feb, 2025 6 $295.83 $45.83 $250.00 $13500.00
Mar, 2025 7 $295.00 $45.00 $250.00 $13250.00
Apr, 2025 8 $294.17 $44.17 $250.00 $13000.00
May, 2025 9 $293.33 $43.33 $250.00 $12750.00
Jun, 2025 10 $292.50 $42.50 $250.00 $12500.00
Jul, 2025 11 $291.67 $41.67 $250.00 $12250.00
Aug, 2025 12 $290.83 $40.83 $250.00 $12000.00
Sep, 2025 13 $290.00 $40.00 $250.00 $11750.00
Oct, 2025 14 $289.17 $39.17 $250.00 $11500.00
Nov, 2025 15 $288.33 $38.33 $250.00 $11250.00
Dec, 2025 16 $287.50 $37.50 $250.00 $11000.00
Jan, 2026 17 $286.67 $36.67 $250.00 $10750.00
Feb, 2026 18 $285.83 $35.83 $250.00 $10500.00
Mar, 2026 19 $285.00 $35.00 $250.00 $10250.00
Apr, 2026 20 $284.17 $34.17 $250.00 $10000.00
May, 2026 21 $283.33 $33.33 $250.00 $9750.00
Jun, 2026 22 $282.50 $32.50 $250.00 $9500.00
Jul, 2026 23 $281.67 $31.67 $250.00 $9250.00
Aug, 2026 24 $280.83 $30.83 $250.00 $9000.00
Sep, 2026 25 $280.00 $30.00 $250.00 $8750.00
Oct, 2026 26 $279.17 $29.17 $250.00 $8500.00
Nov, 2026 27 $278.33 $28.33 $250.00 $8250.00
Dec, 2026 28 $277.50 $27.50 $250.00 $8000.00
Jan, 2027 29 $276.67 $26.67 $250.00 $7750.00
Feb, 2027 30 $275.83 $25.83 $250.00 $7500.00
Mar, 2027 31 $275.00 $25.00 $250.00 $7250.00
Apr, 2027 32 $274.17 $24.17 $250.00 $7000.00
May, 2027 33 $273.33 $23.33 $250.00 $6750.00
Jun, 2027 34 $272.50 $22.50 $250.00 $6500.00
Jul, 2027 35 $271.67 $21.67 $250.00 $6250.00
Aug, 2027 36 $270.83 $20.83 $250.00 $6000.00
Sep, 2027 37 $270.00 $20.00 $250.00 $5750.00
Oct, 2027 38 $269.17 $19.17 $250.00 $5500.00
Nov, 2027 39 $268.33 $18.33 $250.00 $5250.00
Dec, 2027 40 $267.50 $17.50 $250.00 $5000.00
Jan, 2028 41 $266.67 $16.67 $250.00 $4750.00
Feb, 2028 42 $265.83 $15.83 $250.00 $4500.00
Mar, 2028 43 $265.00 $15.00 $250.00 $4250.00
Apr, 2028 44 $264.17 $14.17 $250.00 $4000.00
May, 2028 45 $263.33 $13.33 $250.00 $3750.00
Jun, 2028 46 $262.50 $12.50 $250.00 $3500.00
Jul, 2028 47 $261.67 $11.67 $250.00 $3250.00
Aug, 2028 48 $260.83 $10.83 $250.00 $3000.00
Sep, 2028 49 $260.00 $10.00 $250.00 $2750.00
Oct, 2028 50 $259.17 $9.17 $250.00 $2500.00
Nov, 2028 51 $258.33 $8.33 $250.00 $2250.00
Dec, 2028 52 $257.50 $7.50 $250.00 $2000.00
Jan, 2029 53 $256.67 $6.67 $250.00 $1750.00
Feb, 2029 54 $255.83 $5.83 $250.00 $1500.00
Mar, 2029 55 $255.00 $5.00 $250.00 $1250.00
Apr, 2029 56 $254.17 $4.17 $250.00 $1000.00
May, 2029 57 $253.33 $3.33 $250.00 $750.00
Jun, 2029 58 $252.50 $2.50 $250.00 $500.00
Jul, 2029 59 $251.67 $1.67 $250.00 $250.00
Aug, 2029 60 $250.83 $0.83 $250.00 $0.00

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