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Tarlac Factor Rate Sample Computation

This document contains a sample computation of amortization rates for a loan of 17 million PHP over various interest rates and periods of 1 to 5 years. It shows the down payment of 10% plus an additional 15% down payment, the remaining balance, and the monthly amortization for each interest rate and period combination.

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Noli Calderon
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78 views1 page

Tarlac Factor Rate Sample Computation

This document contains a sample computation of amortization rates for a loan of 17 million PHP over various interest rates and periods of 1 to 5 years. It shows the down payment of 10% plus an additional 15% down payment, the remaining balance, and the monthly amortization for each interest rate and period combination.

Uploaded by

Noli Calderon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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SAMPLE COMPUTATION OF AMORTIZATIONS

INTEREST RATE PER / ANNUM


NO OF DOWN PAYMENT Additional DP upon REMAINING MONTHLY
YEARS 6% 8% ENTER AMOUNT 10% approval (15%) BALANCE AMORTIZATION
1 0.0860664297 17,000,000.00 1,700,000.00 2,550,000.00 12,750,000.00 1,097,346.98
2 0.0443206103 17,000,000.00 1,700,000.00 2,550,000.00 12,750,000.00 565,087.78
3 0.0304219375 17,000,000.00 1,700,000.00 2,550,000.00 12,750,000.00 387,879.70
4 0.0234850290 17,000,000.00 1,700,000.00 2,550,000.00 12,750,000.00 299,434.12
5 0.0193328015 17,000,000.00 1,700,000.00 2,550,000.00 12,750,000.00 246,493.22

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