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    Amortization Table

    Uploaded by

    alicia john
    This document contains two amortization tables showing the repayment of a new car loan over 5 years at different interest rates. The first table is for a loan with an original balance of $5,810,850 at 16.52% interest with monthly installments of $1,796,262.83. The second table is for the same original balance but at a higher 18.52% interest rate with monthly payments of $1,880,113.54. Both loans are paid off after 5 years of monthly installments split between interest and principal.

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    Amortization Table

    Uploaded by

    alicia john
    16 views1 page
    This document contains two amortization tables showing the repayment of a new car loan over 5 years at different interest rates. The first table is for a loan with an original balance of $5,810,850 at 16.52% interest with monthly installments of $1,796,262.83. The second table is for the same original balance but at a higher 18.52% interest rate with monthly payments of $1,880,113.54. Both loans are paid off after 5 years of monthly installments split between interest and principal.

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    This document contains two amortization tables showing the repayment of a new car loan over 5 years at different interest rates. The first table is for a loan with an original balance of $5,810,850 at 16.52% interest with monthly installments of $1,796,262.83. The second table is for the same original balance but at a higher 18.52% interest rate with monthly payments of $1,880,113.54. Both loans are paid off after 5 years of monthly installments split between interest and principal.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    16 views1 page

    Amortization Table

    Uploaded by

    alicia john
    This document contains two amortization tables showing the repayment of a new car loan over 5 years at different interest rates. The first table is for a loan with an original balance of $5,810,850 at 16.52% interest with monthly installments of $1,796,262.83. The second table is for the same original balance but at a higher 18.52% interest rate with monthly payments of $1,880,113.54. Both loans are paid off after 5 years of monthly installments split between interest and principal.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Amortization Table

    New car at 16.52% 10% down payment:

    Opening Ending
    Year Balance Installment Interest Principle Balance

    1 5,810,850.00 1,796,262.83 959,952.42 836,310.41 4,974,539.59

    2 4,974,539.59 1,796,262.83 821,793.94 974,468.89 4,000,070.70

    3 4,000,070.70 1,796,262.83 660,811.68 1,135,451.15 2,864,619.55

    4 2,864,619.55 1,796,262.83 473,235.15 1,323,027.68 1,541,591.87

    5 1,541,591.87 1,796,262.83 254,670.98 1,541,591.85 0.02

    8,981,314.15

    New car at 18.52% 10% down payment:


    Opening Ending
    Year Balance Installment Interest Principle Balance

    1 5,810,850.00 1,880,113.54 1,076,169.42 803,944.12 5,006,905.88

    2 5,006,905.88 1,880,113.54 927,278.97 952,834.57 4,054,071.31

    3 4,054,071.31 1,880,113.54 750,814.01 1,129,299.53 2,924,771.78

    4 2,924,771.78 1,880,113.54 541,667.73 1,338,445.81 1,586,325.97

    5 1,586,325.97 1,880,113.54 293,787.57 1,586,325.97 (0.00)

    9,400,567.70

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