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    Christine Anne Gonzales
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    This document outlines the amortization schedule for a 4-year loan of 700,000 pesos at 6% interest compounded monthly. It shows the payment amount each month which is applied first to interest and then to principal. Over the 48 month period, the beginning balance decreases each month as principal is paid down, with the interest payment and ending balance also shown.

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    Book1

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    This document outlines the amortization schedule for a 4-year loan of 700,000 pesos at 6% interest compounded monthly. It shows the payment amount each month which is applied first to interest and then to principal. Over the 48 month period, the beginning balance decreases each month as principal is paid down, with the interest payment and ending balance also shown.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    15 views3 pages

    Book 1

    Uploaded by

    Christine Anne Gonzales
    This document outlines the amortization schedule for a 4-year loan of 700,000 pesos at 6% interest compounded monthly. It shows the payment amount each month which is applied first to interest and then to principal. Over the 48 month period, the beginning balance decreases each month as principal is paid down, with the interest payment and ending balance also shown.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    Loan 700,000 pv

    Interest 6%
    12 month
    4 years
    nper 48
    Starting date 1/3/2023 Payment minues principle
    PMT PPMT
    Period Date Beginning Blance Payment Principal
    1 1/3/2023 700,000 ₱ 16,439.52 ₱12,939.52
    2 2/3/2023 687,060 ₱16,135.62 ₱12,763.83
    3 3/3/2023
    4 4/3/2023
    5 5/3/2023
    6 6/3/2023
    7 7/3/2023
    8 8/3/2023
    9 9/3/2023
    10 10/3/2023
    11 11/3/2023
    12 12/3/2023
    13 03/13/2023
    14 03/14/2023
    15 03/15/2023
    16 03/16/2023
    17 03/18/2023
    18 03/19/2023
    19 03/20/2023
    20 03/21/2023
    21 03/22/2023
    22 03/23/2023
    23 03/24/2023
    24 03/25/2023
    25 03/26/2023
    26 03/27/2023
    27 03/28/2023
    28 03/29/2023
    29 03/30/2023
    30 03/31/2023
    31 1/4/2023
    32 1/4/2023
    33 1/4/2023
    34 1/4/2023
    35 1/4/2023
    36 1/4/2023
    37 1/4/2023
    38 1/4/2023
    39 1/4/2023
    40 1/4/2023
    41 1/4/2023
    42 1/4/2023
    43 1/4/2023
    44 1/4/2023
    45 1/4/2023
    46 1/4/2023
    47 1/4/2023
    48
    minues principle
    IPMT loan-principle RATE
    Interest Ending Balancee
    ₱3,500.00 ₱687,060.48 1%
    -₱3,371.80 ₱674,296.17

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