ABCDEFGHIJKLMNOPQRSTUVWXYZ
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24 Month Loan Repayment Schedule
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Annual interest8.00%
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Payment #DateStartPaymentPrincipalInterestEndPaid
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0Oct 01 2023$50,000.00($50,000.00)<-- 1st tranche of $50,000
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1Nov 01 2023$50,000.00$333.33$0.00$333.33$50,000.00
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2Dec 01 2023$50,000.00$333.33$0.00$333.33$50,000.00
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3Jan 01 2024$50,000.00$333.33$0.00$333.33$50,000.00
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4Feb 01 2024$50,000.00$333.33$0.00$333.33$50,000.00
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5Mar 01 2024$50,000.00$333.33$0.00$333.33$50,000.00
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6Apr 01 2024$50,000.00$333.33$0.00$333.33$50,000.00
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7May 01 2024$100,000.00$5,914.03$5,247.36$666.67$94,752.64<-- 2nd tranche raising the principal to $100,000
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8Jun 01 2024$94,752.64$5,914.03$5,282.35$631.68$89,470.29 plus the start of principal and interest payments
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9Jul 01 2024$89,470.29$5,914.03$5,317.56$596.47$84,152.73
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10Aug 01 2024$84,152.73$5,914.03$5,353.01$561.02$78,799.72
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11Sep 01 2024$78,799.72$5,914.03$5,388.70$525.33$73,411.02
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12Oct 01 2024$73,411.02$5,914.03$5,424.62$489.41$67,986.40
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13Nov 01 2024$67,986.40$5,914.03$5,460.79$453.24$62,525.61
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14Dec 01 2024$62,525.61$5,914.03$5,497.19$416.84$57,028.42
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15Jan 01 2025$57,028.42$5,914.03$5,533.84$380.19$51,494.58
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16Feb 01 2025$51,494.58$5,914.03$5,570.73$343.30$45,923.84
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17Mar 01 2025$45,923.84$5,914.03$5,607.87$306.16$40,315.97
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18Apr 01 2025$40,315.97$5,914.03$5,645.26$268.77$34,670.72
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19May 01 2025$34,670.72$5,914.03$5,682.89$231.14$28,987.82
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20Jun 01 2025$28,987.82$5,914.03$5,720.78$193.25$23,267.05
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21Jul 01 2025$23,267.05$5,914.03$5,758.92$155.11$17,508.13
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22Aug 01 2025$17,508.13$5,914.03$5,797.31$116.72$11,710.82
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23Sep 01 2025$11,710.82$5,914.03$5,835.96$78.07$5,874.86
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24Oct 01 2025$5,874.86$5,914.03$5,874.86$39.17$0.00<-- 24 months total
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TOTAL$108,452.54$100,000.00$8,452.54<-- Total cost of the capital in column F
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If all the payments are made on time, the 24th payment is not required
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