Diminishing Balance Sample Computation for …
* Payment assumption is that the Cardholder will pay the monthly amortization (principal + interest) in 12 months INSTALLMENT LOAN AMOUNT PHP 50,000 MONTHLY ADD-ON RATE 1.75% MONTHLY EFFECTIVE INTEREST RATE 3.06% INSTALLMENT TERM 12 MONTHS MONTHLY FACTOR RATE 0.100838 MONTHLY AMORTIZATION PHP 5,041.67 MONTH DAYS PRINCIPAL INTEREST ................
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