1) The document is a loan amortization schedule for a $7,000,000 loan at 62.77% interest over 36 months to purchase a vehicle.
2) The monthly payment is $454,952 including taxes for the first month and decreases gradually each month as the principal is paid down.
3) By the final payment, the principal will be paid off along with the remaining interest amount, closing out the loan.
1) The document is a loan amortization schedule for a $7,000,000 loan at 62.77% interest over 36 months to purchase a vehicle.
2) The monthly payment is $454,952 including taxes for the first month and decreases gradually each month as the principal is paid down.
3) By the final payment, the principal will be paid off along with the remaining interest amount, closing out the loan.
1) The document is a loan amortization schedule for a $7,000,000 loan at 62.77% interest over 36 months to purchase a vehicle.
2) The monthly payment is $454,952 including taxes for the first month and decreases gradually each month as the principal is paid down.
3) By the final payment, the principal will be paid off along with the remaining interest amount, closing out the loan.