Equal principal amount, calculation of loan installment amount.

Loan 7000 over 5 Years, Equal principal amount, interest rate 4%

Payment Date	Payment #	Monthly Repayment	Repayment Interest	Repayment Principal	Remaining Balance
Sep, 2024	1	$140.00	$23.33	$116.67	$6883.33
Oct, 2024	2	$139.61	$22.94	$116.67	$6766.67
Nov, 2024	3	$139.22	$22.56	$116.67	$6650.00
Dec, 2024	4	$138.83	$22.17	$116.67	$6533.33
Jan, 2025	5	$138.44	$21.78	$116.67	$6416.67
Feb, 2025	6	$138.06	$21.39	$116.67	$6300.00
Mar, 2025	7	$137.67	$21.00	$116.67	$6183.33
Apr, 2025	8	$137.28	$20.61	$116.67	$6066.67
May, 2025	9	$136.89	$20.22	$116.67	$5950.00
Jun, 2025	10	$136.50	$19.83	$116.67	$5833.33
Jul, 2025	11	$136.11	$19.44	$116.67	$5716.67
Aug, 2025	12	$135.72	$19.06	$116.67	$5600.00
Sep, 2025	13	$135.33	$18.67	$116.67	$5483.33
Oct, 2025	14	$134.94	$18.28	$116.67	$5366.67
Nov, 2025	15	$134.56	$17.89	$116.67	$5250.00
Dec, 2025	16	$134.17	$17.50	$116.67	$5133.33
Jan, 2026	17	$133.78	$17.11	$116.67	$5016.67
Feb, 2026	18	$133.39	$16.72	$116.67	$4900.00
Mar, 2026	19	$133.00	$16.33	$116.67	$4783.33
Apr, 2026	20	$132.61	$15.94	$116.67	$4666.67
May, 2026	21	$132.22	$15.56	$116.67	$4550.00
Jun, 2026	22	$131.83	$15.17	$116.67	$4433.33
Jul, 2026	23	$131.44	$14.78	$116.67	$4316.67
Aug, 2026	24	$131.06	$14.39	$116.67	$4200.00
Sep, 2026	25	$130.67	$14.00	$116.67	$4083.33
Oct, 2026	26	$130.28	$13.61	$116.67	$3966.67
Nov, 2026	27	$129.89	$13.22	$116.67	$3850.00
Dec, 2026	28	$129.50	$12.83	$116.67	$3733.33
Jan, 2027	29	$129.11	$12.44	$116.67	$3616.67
Feb, 2027	30	$128.72	$12.06	$116.67	$3500.00
Mar, 2027	31	$128.33	$11.67	$116.67	$3383.33
Apr, 2027	32	$127.94	$11.28	$116.67	$3266.67
May, 2027	33	$127.56	$10.89	$116.67	$3150.00
Jun, 2027	34	$127.17	$10.50	$116.67	$3033.33
Jul, 2027	35	$126.78	$10.11	$116.67	$2916.67
Aug, 2027	36	$126.39	$9.72	$116.67	$2800.00
Sep, 2027	37	$126.00	$9.33	$116.67	$2683.33
Oct, 2027	38	$125.61	$8.94	$116.67	$2566.67
Nov, 2027	39	$125.22	$8.56	$116.67	$2450.00
Dec, 2027	40	$124.83	$8.17	$116.67	$2333.33
Jan, 2028	41	$124.44	$7.78	$116.67	$2216.67
Feb, 2028	42	$124.06	$7.39	$116.67	$2100.00
Mar, 2028	43	$123.67	$7.00	$116.67	$1983.33
Apr, 2028	44	$123.28	$6.61	$116.67	$1866.67
May, 2028	45	$122.89	$6.22	$116.67	$1750.00
Jun, 2028	46	$122.50	$5.83	$116.67	$1633.33
Jul, 2028	47	$122.11	$5.44	$116.67	$1516.67
Aug, 2028	48	$121.72	$5.06	$116.67	$1400.00
Sep, 2028	49	$121.33	$4.67	$116.67	$1283.33
Oct, 2028	50	$120.94	$4.28	$116.67	$1166.67
Nov, 2028	51	$120.56	$3.89	$116.67	$1050.00
Dec, 2028	52	$120.17	$3.50	$116.67	$933.33
Jan, 2029	53	$119.78	$3.11	$116.67	$816.67
Feb, 2029	54	$119.39	$2.72	$116.67	$700.00
Mar, 2029	55	$119.00	$2.33	$116.67	$583.33
Apr, 2029	56	$118.61	$1.94	$116.67	$466.67
May, 2029	57	$118.22	$1.56	$116.67	$350.00
Jun, 2029	58	$117.83	$1.17	$116.67	$233.33
Jul, 2029	59	$117.44	$0.78	$116.67	$116.67
Aug, 2029	60	$117.06	$0.39	$116.67	$0.00

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