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Equal principal and interest, calculation of loan installment amount.

Loan 23800 over 10 Months, Equal principal and interest, interest rate 23%
Payment Date Payment # Monthly Repayment Repayment Interest Repayment Principal Remaining Balance
Sep, 2024 1 $2638.03 $456.17 $2181.87 $21618.13
Oct, 2024 2 $2638.03 $414.35 $2223.68 $19394.45
Nov, 2024 3 $2638.03 $371.73 $2266.31 $17128.14
Dec, 2024 4 $2638.03 $328.29 $2309.74 $14818.40
Jan, 2025 5 $2638.03 $284.02 $2354.01 $12464.39
Feb, 2025 6 $2638.03 $238.90 $2399.13 $10065.26
Mar, 2025 7 $2638.03 $192.92 $2445.11 $7620.14
Apr, 2025 8 $2638.03 $146.05 $2491.98 $5128.16
May, 2025 9 $2638.03 $98.29 $2539.74 $2588.42
Jun, 2025 10 $2638.03 $49.61 $2588.42 $0.00

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