The document summarizes a loan of ₹50,000 taken on December 5, 2023 at an annual interest rate of 4%. The borrower will make 12 monthly payments of ₹4,257 each. The total interest on the loan is ₹1,090 and the total cost of the loan, including principal and interest, is ₹51,090. The payment schedule shows the beginning balance, payment, principal, interest and ending balance for each of the 12 monthly payments.
The document summarizes a loan of ₹50,000 taken on December 5, 2023 at an annual interest rate of 4%. The borrower will make 12 monthly payments of ₹4,257 each. The total interest on the loan is ₹1,090 and the total cost of the loan, including principal and interest, is ₹51,090. The payment schedule shows the beginning balance, payment, principal, interest and ending balance for each of the 12 monthly payments.
The document summarizes a loan of ₹50,000 taken on December 5, 2023 at an annual interest rate of 4%. The borrower will make 12 monthly payments of ₹4,257 each. The total interest on the loan is ₹1,090 and the total cost of the loan, including principal and interest, is ₹51,090. The payment schedule shows the beginning balance, payment, principal, interest and ending balance for each of the 12 monthly payments.
The document summarizes a loan of ₹50,000 taken on December 5, 2023 at an annual interest rate of 4%. The borrower will make 12 monthly payments of ₹4,257 each. The total interest on the loan is ₹1,090 and the total cost of the loan, including principal and interest, is ₹51,090. The payment schedule shows the beginning balance, payment, principal, interest and ending balance for each of the 12 monthly payments.
Annual interest rate 4.00% Number of payments 12 Loan period in years 1 Total interest ₹ 1,090 Start date of loan 5-Dec-23 Total cost of loan ₹ 51,090 Name : Suripogu Venkatesh 1-Dec-23 Pmt No. Payment Date Beginning Balance Payment Principal Interest Ending Balance