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    Mhaiel Escal
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    The document shows a 24-month amortization schedule for a ₱20,000 cellphone purchase with a 6% interest rate. Each month, ₱886.41 is paid, with most going to principal and a smaller amount for interest. The balance declines each period as more principal is paid down. By the 24th period, the remaining balance will be fully paid.

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    The document shows a 24-month amortization schedule for a ₱20,000 cellphone purchase with a 6% interest rate. Each month, ₱886.41 is paid, with most going to principal and a smaller amount for interest. The balance declines each period as more principal is paid down. By the 24th period, the remaining balance will be fully paid.

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    © All Rights Reserved
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    7 views2 pages

    Excel

    Uploaded by

    Mhaiel Escal
    The document shows a 24-month amortization schedule for a ₱20,000 cellphone purchase with a 6% interest rate. Each month, ₱886.41 is paid, with most going to principal and a smaller amount for interest. The balance declines each period as more principal is paid down. By the 24th period, the remaining balance will be fully paid.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Given 20, 000.

    00 = amount ng cellphone na bibilhin mo


    6% = rate ng interest
    2 =number of years na babayaran mo yung kinuha mong cellphone

    Period Payment Principal Rate Balance


    1 886.41 786.41 100.00 19130.77
    2 886.41 790.76 95.65 18244.36
    3 886.41 795.19 91.22 17357.95
    4 886.41 799.62 86.79 16471.54
    5 886.41 804.05 82.36 15585.13
    6 886.41 808.48 77.93 14698.72
    7 886.41 812.92 73.49 13812.31
    8 886.41 817.35 69.06 12925.9
    9 886.41 821.78 64.63 12039.49
    10 886.41 826.21 60.20 11153.08
    11 886.41 830.64 55.77 10266.67
    12 886.41 835.08 51.33 9380.26
    13 886.41 839.51 46.90 8493.85
    14 886.41 843.94 42.47 7607.44
    15 886.41 848.37 38.04 6721.03
    16 886.41 852.80 33.61 5834.62
    17 886.41 857.24 29.17 4948.21
    18 886.41 861.67 24.74 4061.8
    19 886.41 866.10 20.31 3175.39
    20 886.41 870.53 15.88 2288.98
    21 886.41 874.97 11.44 1402.57
    22 886.41 879.40 7.01 516.160000000003
    23 886.41 883.83 2.58 -370.25
    24 886.41 888.26 -1.85

    Period 2 years x 12 months =24, kaya 1 to 24 yun


    Payment use the formula given on the handout for amortization

    Rate 0.005 nakuha ito kasi dinivide yung 6% (0.06) sa 12 months (12 months kasi compounded monthly)

    Balance kung magkano na lang yung natitirang babayaran base sa naihulog nyo na

    Principal nakuha sya sa pamamagitan ng Payment minus Rate


    Note: yung sa unang row ng Balance nakuha sya kasi 20, 000 - 869.23 = 19130
    yung sa Rate na unang row nakuha sya kasi 20, 000 * 0.005 = 100
    and then continous lang
    Ilimit laang sa 2 decimal point sa activities , exact dapat yung figure or amount ha so rounded dapat ng ayos.

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