This document is a loan spreadsheet showing the repayment of a $30,000 loan over 5 years at 8% interest compounded monthly. It lists the monthly payments, interest accrued, and declining principal balance over the 60 month repayment period. The total repayment is $44,695.37, consisting of $14,695.37 in interest payments and the original $30,000 loan amount.
This document is a loan spreadsheet showing the repayment of a $30,000 loan over 5 years at 8% interest compounded monthly. It lists the monthly payments, interest accrued, and declining principal balance over the 60 month repayment period. The total repayment is $44,695.37, consisting of $14,695.37 in interest payments and the original $30,000 loan amount.
This document is a loan spreadsheet showing the repayment of a $30,000 loan over 5 years at 8% interest compounded monthly. It lists the monthly payments, interest accrued, and declining principal balance over the 60 month repayment period. The total repayment is $44,695.37, consisting of $14,695.37 in interest payments and the original $30,000 loan amount.
Number of years 5 Rate % pa 8 Periods pa 12 Number of periods 60 Rate per period 0.6666666667 Total Repayment 14695.3712490482 Monthly repayment 244.9228541508