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Equal principal amount, calculation of loan installment amount.
Loan 16000 over 5 Months, Equal principal amount, interest rate 3.95%
| Payment Date | Payment # | Monthly Repayment | Repayment Interest | Repayment Principal | Remaining Balance |
| Sep, 2024 | 1 | $3252.67 | $52.67 | $3200.00 | $12800.00 |
| Oct, 2024 | 2 | $3242.13 | $42.13 | $3200.00 | $9600.00 |
| Nov, 2024 | 3 | $3231.60 | $31.60 | $3200.00 | $6400.00 |
| Dec, 2024 | 4 | $3221.07 | $21.07 | $3200.00 | $3200.00 |
| Jan, 2025 | 5 | $3210.53 | $10.53 | $3200.00 | $0.00 |
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