The final payment on a loan amortization schedule? - amortization schedule regza
In my math class have and fill out a repayment plan of 24 months with the following information:
Client: $ 15,000
6.25%
Duration: 2 years
Payments: $ 666.50
I have completed all the information for the first 23 installments of $ 666.50 and now have a payment of $ 147.52.
Get on my account is exhausted, the amount of money, interest rates, should be my last payment?
Wednesday, December 9, 2009
Amortization Schedule Regza The Final Payment On A Loan Amortization Schedule?
5 comments:
All 24 payments were equal.
Date of Bond
Loan 15,000.00
Interest Rate 6.2500%
Term in years 2,00
24 words
-------------------------------------- ...
# Interest Principal Balance of Payments
-------------------------------------- ...
1 666.50 78.13 588.37 14,411.63
2 666.50 75.06 591.44 13,820.19
3 666.50 71.98 594.52 13,225.67
4 666.50 68.88 597.62 12,628.05
5 666.50 65.77 600.73 12,027.32
6 666.50 62.64 603.86 11,423.46
7 666.50 59.50 607.00 10,816.46
8 666.50 56.34 610.16 10,206.30
9 666.50 53.16 613.34 9,592.96
10 666.50 49.96 616.54 8,976.42
11 666.5046.75 619.75 8,356.67
12 666.50 43.52 622.98 7,733.69
13 666.50 40.28 626.22 7,107.47
14 666.50 37.02 629.48 6,477.99
15 666.50 33.74 632.76 5,845.23
16 666.50 30.44 636.06 5,209.17
17 666.50 27.13 639.37 4,569.80
18 666.50 23.80 642.70 3,927.10
19 666.50 20.45 646.05 3,281.05
20 666.50 17.09 649.41 2,631.64
21 666.50 13.71 652.79 1,978.85
22 666.50 10.31 656.19 1,322.66
23 666.50 6.89 659.61 663.05
24 666.50 3.45 663.05 0.00
-------------------------------------- ...
Total: 15,996.00 996.00 15,000.00
I ran your numbers through an amortization schedule of the loan. Your last payment (24.) is $ 666.49. You can check your calculations again.
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Hello, Cambell U.S. Niketan, if you need a loan, we recommend to contact you, the loan company standard, the review helped me with a loan of the week with no credit unsecured so easy to contact them immediately after the mail standard_loanfirm@live.com Post
Or it could
1. back on the board with the speed
2. back
3. Pop and try to raise their hands before
4.Si you should have done well,
I hope that you, and good luck:)
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