The document outlines the amortization schedule for a $10 million loan with a 20.9% annual interest rate over 60 months. It shows the monthly payment amount of $222,444.48 remains constant while the outstanding balance and interest payment decrease each month over the 5 year term. By month 60, the outstanding balance will be $7,655,625.26.
The document outlines the amortization schedule for a $10 million loan with a 20.9% annual interest rate over 60 months. It shows the monthly payment amount of $222,444.48 remains constant while the outstanding balance and interest payment decrease each month over the 5 year term. By month 60, the outstanding balance will be $7,655,625.26.
The document outlines the amortization schedule for a $10 million loan with a 20.9% annual interest rate over 60 months. It shows the monthly payment amount of $222,444.48 remains constant while the outstanding balance and interest payment decrease each month over the 5 year term. By month 60, the outstanding balance will be $7,655,625.26.