Effective

Balance at Balance at Principle Interest

Date No Beginning Interest Repayment End Repayment Rate
A B C=(axB)/b D E = A+C+D F = D-C G = C/A

6,792.24 37,892.24 31,100.00

May-20 1 37,892.24 84.00 - 376.24

Jun-20 2 37,516.00 83.00 - 376.24
Jul-20 3 37,139.76 82.00 - 376.24
Aug-20 4 36,763.52 81.00 - 376.24
Sep-20 5 36,387.28 80.00 - 376.24
Oct-20 6 36,011.04 79.00 - 376.24
Nov-20 7 35,634.80 78.00 - 376.24
Dec-20 8 35,258.56 77.00 - 376.24
Jan-21 9 34,882.32 76.00 - 376.24
Feb-21 10 34,506.08 75.00 - 376.24
Mar-21 11 34,129.84 74.00 - 376.24
Apr-21 12 33,753.60 73.00 - 376.24
May-21 13 33,377.36 72.00 - 376.24
Jun-21 14 33,001.12 71.00 - 376.24
Jul-21 15 32,624.88 70.00 - 376.24
Aug-21 16 32,248.64 69.00 - 376.24
Sep-21 17 31,872.40 68.00 - 376.24
Oct-21 18 31,496.16 67.00 - 376.24
Nov-21 19 31,119.92 66.00 - 376.24
Dec-21 20 30,743.68 65.00 - 376.24
Jan-22 21 30,367.44 64.00 - 376.24
Feb-22 22 29,991.20 63.00 - 376.24
Mar-22 23 29,614.96 62.00 - 376.24 29,238.72 376.24 0.00%
Apr-22 24 29,238.72 61.00 116.06 - 376.24 28,978.54 260.18 0.40%
May-22 25 28,862.48 60.00 114.16 - 376.24 28,600.40 262.08 0.40%
26 28,486.24 112.25 - 376.24 28,222.25 263.99 0.39%
date of commencement 20-Jun-20 20-Apr-22 660 360 1.833333
no of installments (n) 84 31,100.00

(1+Annual Rate)^(1/12)-1 0.1252

Length of Loan x 12 months 84.00
Principal borrowed 31,100

Monthly Interest Rate 0.03794% =3.12%/84 months

Length of Loan in Years 7.00 =84 months
Payment Frequency Monthly
First Payment Date ###

376.24 =ROUND(-PMT(0.03794%,84,31100),2)

Interest
Loan Term (months) 84.00
Monthly payment - 376.24 - 1,493.00
Loan Amount 31,100.00

Interest Rate 3.187% 0.000379442

=rate(loan term 48 months,monthly payment -376.24, loan amount 31,100)x8
May-20
Apr-21 12 12.00
Apr-22 12 24.00
Apr-23 12 36.00
Apr-24 12 48.00
Apr-25 12 60.00
Apr-26 12 72.00
Apr-27 12 84.00
 12 22

, loan amount 31,100)x84 months