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August 2022 1 2 Report
Suppose Herakles would like to make a loan from Athenian Bank. Make a monthly amortization schedule/ installment schedule given the following loan amount and loan term. a. P150,000 for 18 months b. P250,000 for 24 months c. P300,000 for 36 months LOAN AMOUNT 50,000.00 60,000.00 70,000.00 80,000.00 90,000.00 100,000.00 150,000.00 200,000.00 250,000.00 300,000.00 12 Months 4,917.00 5,900.00 6,884.00 7,867.00 8,850.00 9,834.00 14,750.00 19,667.00 24,584.00 29,500.00 AMORTIZATION 18 Months 24 Months 3,528.00 2,834.00 4,234.00 3,400.00 4,939.00 3,967.00 5,645.00 4,534.00 6,350.00 5,100.00 7,056.00 5,667.00 10,584.00 8,500.00 14,112.00 11,334.00 17,639.00 14,167.00 21,167.00 17,000.00 36 Months 2,139.00 2,567.00 2.995.00 3,423.00 3,850.00 4,278.00 6,417.00 8,556.00 10,695.00 12,834.00​

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