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5-Year Loan Amortization Schedule

This document outlines the details of a $35,000 loan with an annual interest rate of 4.5% over 5 years that requires 12 monthly payments. The monthly payment is $652.51, with each payment applied first to interest and then to reducing the remaining principal balance.

Uploaded by

Mohamed Wahieb
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57 views2 pages

5-Year Loan Amortization Schedule

This document outlines the details of a $35,000 loan with an annual interest rate of 4.5% over 5 years that requires 12 monthly payments. The monthly payment is $652.51, with each payment applied first to interest and then to reducing the remaining principal balance.

Uploaded by

Mohamed Wahieb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Annual Interest Rate 4.

50%
Years 5
Payments Per Year 12
Amount $ 35,000.00
Monthly Payment ($652.51)

Payment Number Beginning Balance Payment Prrincipal Interest Ending Balance


Annual Interest Rate 4.50%
Years 5
Payments Per Year 12
Amount $ 35,000.00
Monthly Payment ($652.51)

Payment Number Beginning Balance Payment Prrincipal Interest Ending Balance

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