(i) Repayment calculation

Loan amount (Loan) 50,000.00

Loan term in years (Term) 5
Payment frequency (Freq) 4
Annual effective interest rate (i) 6%

i(p) 5.8695%
Annuity factor 4.3060
Repayment 2,902.93
(ii) Loan schedule
Loan amount (Loan) 50,000.00
Loan term in years (Term) 5
Payment frequency (Freq) 4
Annual effective interest rate (i) 6%

i(p) 5.8695%
Annuity factor 4.3060
Repayment 2,902.93

Time at start Time at end Repayment Capital o/s at

of period of period number start of period
0.00 0.25 1 50,000.00
0.25 0.50 2 47,830.76
0.50 0.75 3 45,629.69
0.75 1.00 4 43,396.32
1.00 1.25 5 41,130.18
1.25 1.50 6 38,830.79
1.50 1.75 7 36,497.65
1.75 2.00 8 34,130.28
2.00 2.25 9 31,728.17
2.25 2.50 10 29,290.81
2.50 2.75 11 26,817.69
2.75 3.00 12 24,308.28
3.00 3.25 13 21,762.04
3.25 3.50 14 19,178.44
3.50 3.75 15 16,556.93
3.75 4.00 16 13,896.95
4.00 4.25 17 11,197.94
4.25 4.50 18 8,459.33
4.50 4.75 19 5,680.53
4.75 5.00 20 2,860.95
Repayment Interest Capital Capital o/s at
amount Element Element end of period
2,902.93 733.69 2,169.24 47,830.76
2,902.93 701.86 2,201.07 45,629.69
2,902.93 669.56 2,233.37 43,396.32
2,902.93 636.79 2,266.14 41,130.18
2,902.93 603.54 2,299.39 38,830.79
2,902.93 569.80 2,333.13 36,497.65
2,902.93 535.56 2,367.37 34,130.28
2,902.93 500.82 2,402.11 31,728.17
2,902.93 465.57 2,437.36 29,290.81
2,902.93 429.81 2,473.12 26,817.69
2,902.93 393.52 2,509.41 24,308.28
2,902.93 356.70 2,546.24 21,762.04
2,902.93 319.33 2,583.60 19,178.44
2,902.93 281.42 2,621.51 16,556.93
2,902.93 242.95 2,659.98 13,896.95
2,902.93 203.92 2,699.01 11,197.94
2,902.93 164.32 2,738.61 8,459.33
2,902.93 124.13 2,778.80 5,680.53
2,902.93 83.36 2,819.58 2,860.95
2,902.93 41.98 2,860.95 0.00
(iii) Interest and capital amounts
Loan amount (Loan) 50,000.00
Loan term in years (Term) 5
Payment frequency (Freq) 4
Annual effective interest rate (i) 6%

i(p) 5.8695%
Annuity factor 4.3060
Repayment 2,902.93

Time at start Time at end Repayment Capital o/s at

of period of period number start of period
0.00 0.25 1 50,000.00
0.25 0.50 2 47,830.76
0.50 0.75 3 45,629.69
0.75 1.00 4 43,396.32
1.00 1.25 5 41,130.18
1.25 1.50 6 38,830.79
1.50 1.75 7 36,497.65
1.75 2.00 8 34,130.28
2.00 2.25 9 31,728.17
2.25 2.50 10 29,290.81
2.50 2.75 11 26,817.69
2.75 3.00 12 24,308.28
3.00 3.25 13 21,762.04
3.25 3.50 14 19,178.44
3.50 3.75 15 16,556.93
3.75 4.00 16 13,896.95
4.00 4.25 17 11,197.94
4.25 4.50 18 8,459.33
4.50 4.75 19 5,680.53
4.75 5.00 20 2,860.95
Repayment Interest Capital Capital o/s at
amount Element Element end of period
2,902.93 733.69 2,169.24 47,830.76 (a) Total interest paid
2,902.93 701.86 2,201.07 45,629.69 (b) Interest element of 7th repayment
2,902.93 669.56 2,233.37 43,396.32 Capital element of 7th repayment
2,902.93 636.79 2,266.14 41,130.18 (c) Interest paid in 2nd year
2,902.93 603.54 2,299.39 38,830.79 Capital repaid in 2nd year
2,902.93 569.80 2,333.13 36,497.65
2,902.93 535.56 2,367.37 34,130.28
2,902.93 500.82 2,402.11 31,728.17
2,902.93 465.57 2,437.36 29,290.81
2,902.93 429.81 2,473.12 26,817.69
2,902.93 393.52 2,509.41 24,308.28
2,902.93 356.70 2,546.24 21,762.04
2,902.93 319.33 2,583.60 19,178.44
2,902.93 281.42 2,621.51 16,556.93
2,902.93 242.95 2,659.98 13,896.95
2,902.93 203.92 2,699.01 11,197.94
2,902.93 164.32 2,738.61 8,459.33
2,902.93 124.13 2,778.80 5,680.53
2,902.93 83.36 2,819.58 2,860.95
2,902.93 41.98 2,860.95 0.00
8,058.64
535.56
2,367.37
2,209.72
9,402.01
(i) Repayment amount
2,902.93

(ii) Loan schedule

See 'Calculations (ii)'

(iii) Interest and capital amounts

(a) Total interest paid 8058.64
(b) Interest element of 7th repayment 535.56
Capital element of 7th repayment 2367.37
(c) Interest paid in 2nd year 2209.72
Capital repaid in 2nd year 9402.01