Enter Details
.00
months
Summary
Loan Amount : $ 3000
Rate (APR) : 3.5 %
Number of Payments : 8
Total Flat Rate Interest : $ 70.00
Total Reduced Balance Interest : $ 39.51
Reduced balance calculation
#PaymentInterestPrincipalBalance
1379.948.75371.192,628.81
2379.947.67372.272,256.54
3379.946.58373.361,883.18
4379.945.49374.451,508.73
5379.944.40375.541,133.19
6379.943.31376.63756.56
7379.942.21377.73378.82
8379.931.10378.820.00
Flat rate calculation
#PaymentInterestPrincipalBalance
1383.758.75375.002,625.00
2383.758.75375.002,250.00
3383.758.75375.001,875.00
4383.758.75375.001,500.00
5383.758.75375.001,125.00
6383.758.75375.00750.00
7383.758.75375.00375.00
8383.758.75375.000.00