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    Amount Per Check (Semi-Monthly)

    Uploaded by

    Kevin Enerio
    The document shows a table with semi-monthly payment amounts for loans of varying principal balances (from ₱10,000 to ₱1,000,000) and interest rates (from 3.5% to 12%). It also provides details of a sample loan with a principal of ₱1,000,000, 1.5% interest, 5 year term - with a monthly payment of ₱215,000 and semi-monthly payment of ₱107,500 to be paid over 10 semi-monthly checks.

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    © All Rights Reserved
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    Amount Per Check (Semi-Monthly)

    Uploaded by

    Kevin Enerio
    43 views2 pages
    The document shows a table with semi-monthly payment amounts for loans of varying principal balances (from ₱10,000 to ₱1,000,000) and interest rates (from 3.5% to 12%). It also provides details of a sample loan with a principal of ₱1,000,000, 1.5% interest, 5 year term - with a monthly payment of ₱215,000 and semi-monthly payment of ₱107,500 to be paid over 10 semi-monthly checks.

    Original Description:

    Amortization schedule computation

    Original Title

    Amort Sched

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    © © All Rights Reserved

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    The document shows a table with semi-monthly payment amounts for loans of varying principal balances (from ₱10,000 to ₱1,000,000) and interest rates (from 3.5% to 12%). It also provides details of a sample loan with a principal of ₱1,000,000, 1.5% interest, 5 year term - with a monthly payment of ₱215,000 and semi-monthly payment of ₱107,500 to be paid over 10 semi-monthly checks.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    43 views2 pages

    Amount Per Check (Semi-Monthly)

    Uploaded by

    Kevin Enerio
    The document shows a table with semi-monthly payment amounts for loans of varying principal balances (from ₱10,000 to ₱1,000,000) and interest rates (from 3.5% to 12%). It also provides details of a sample loan with a principal of ₱1,000,000, 1.5% interest, 5 year term - with a monthly payment of ₱215,000 and semi-monthly payment of ₱107,500 to be paid over 10 semi-monthly checks.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Amount per check (semi-monthly)

    3.5% 3 4 5 6 7 8 9 10 11 12
    10,000 1,841.67 1,425.00 1,175.00 1,008.33 889.29 800.00 730.56 675.00 629.55 591.67
    20,000 3,683.33 2,850.00 2,350.00 2,016.67 1,778.57 1,600.00 1,461.11 1,350.00 1,259.09 1,183.33
    30,000 5,525.00 4,275.00 3,525.00 3,025.00 2,667.86 2,400.00 2,191.67 2,025.00 1,888.64 1,775.00
    35,000 6,445.83 4,987.50 4,112.50 3,529.17 3,112.50 2,800.00 2,556.94 2,362.50 2,203.41 2,070.83
    40,000 7,366.67 5,700.00 4,700.00 4,033.33 3,557.14 3,200.00 2,922.22 2,700.00 2,518.18 2,366.67
    50,000 9,208.33 7,125.00 5,875.00 5,041.67 4,446.43 4,000.00 3,652.78 3,375.00 3,147.73 2,958.33
    60,000 11,050.00 8,550.00 7,050.00 6,050.00 5,335.71 4,800.00 4,383.33 4,050.00 3,777.27 3,550.00
    75,000 13,812.50 10,687.50 8,812.50 7,562.50 6,669.64 6,000.00 5,479.17 5,062.50 4,721.59 4,437.50
    80,000 14,733.33 11,400.00 9,400.00 8,066.67 7,114.29 6,400.00 5,844.44 5,400.00 5,036.36 4,733.33
    100,000 18,416.67 14,250.00 11,750.00 10,083.33 8,892.86 8,000.00 7,305.56 6,750.00 6,295.45 5,916.67
    125,000 23,020.83 17,812.50 14,687.50 12,604.17 11,116.07 10,000.00 9,131.94 8,437.50 7,869.32 7,395.83
    150,000 27,625.00 21,375.00 17,625.00 15,125.00 13,339.29 12,000.00 10,958.33 10,125.00 9,443.18 8,875.00
    200,000 36,833.33 28,500.00 23,500.00 20,166.67 17,785.71 16,000.00 14,611.11 13,500.00 12,590.91 11,833.33
    250,000 46,041.67 35,625.00 29,375.00 25,208.33 22,232.14 20,000.00 18,263.89 16,875.00 15,738.64 14,791.67
    300,000 55,250.00 42,750.00 35,250.00 30,250.00 26,678.57 24,000.00 21,916.67 20,250.00 18,886.36 17,750.00
    350,000 64,458.33 49,875.00 41,125.00 35,291.67 31,125.00 28,000.00 25,569.44 23,625.00 22,034.09 20,708.33
    400,000 73,666.67 57,000.00 47,000.00 40,333.33 35,571.43 32,000.00 29,222.22 27,000.00 25,181.82 23,666.67
    450,000 82,875.00 64,125.00 52,875.00 45,375.00 40,017.86 36,000.00 32,875.00 30,375.00 28,329.55 26,625.00
    500,000 92,083.33 71,250.00 58,750.00 50,416.67 44,464.29 40,000.00 36,527.78 33,750.00 31,477.27 29,583.33
    550,000 101,291.67 78,375.00 64,625.00 55,458.33 48,910.71 44,000.00 40,180.56 37,125.00 34,625.00 32,541.67
    600,000 110,500.00 85,500.00 70,500.00 60,500.00 53,357.14 48,000.00 43,833.33 40,500.00 37,772.73 35,500.00
    650,000 119,708.33 92,625.00 76,375.00 65,541.67 57,803.57 52,000.00 47,486.11 43,875.00 40,920.45 38,458.33
    700,000 128,916.67 99,750.00 82,250.00 70,583.33 62,250.00 56,000.00 51,138.89 47,250.00 44,068.18 41,416.67
    750,000 138,125.00 106,875.00 88,125.00 75,625.00 66,696.43 60,000.00 54,791.67 50,625.00 47,215.91 44,375.00
    800,000 147,333.33 114,000.00 94,000.00 80,666.67 71,142.86 64,000.00 58,444.44 54,000.00 50,363.64 47,333.33
    850,000 156,541.67 121,125.00 99,875.00 85,708.33 75,589.29 68,000.00 62,097.22 57,375.00 53,511.36 50,291.67
    900,000 165,750.00 128,250.00 105,750.00 90,750.00 80,035.71 72,000.00 65,750.00 60,750.00 56,659.09 53,250.00
    950,000 174,958.33 135,375.00 111,625.00 95,791.67 84,482.14 76,000.00 69,402.78 64,125.00 59,806.82 56,208.33
    1,000,000 184,166.67 142,500.00 117,500.00 100,833.33 88,928.57 80,000.00 73,055.56 67,500.00 62,954.55 59,166.67
    Principal ₱1,000,000 Monthly Payment ₱215,000.00
    Interest % 1.50% Semi-monthly ₱107,500.00
    Term 5 Loan Proceeds ₱970,000
    Total Interest ₱75,000 No. of checks (monthly) 5
    Total Amortization ₱1,075,000 No. of checks (semi-monthly) 10

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