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Amount Per Check (Semi-Monthly)

The document shows a table with semi-monthly payment amounts for loans of varying principal balances (from ₱10,000 to ₱1,000,000) and interest rates (from 3.5% to 12%). It also provides details of a sample loan with a principal of ₱1,000,000, 1.5% interest, 5 year term - with a monthly payment of ₱215,000 and semi-monthly payment of ₱107,500 to be paid over 10 semi-monthly checks.

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Kevin Enerio
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0% found this document useful (0 votes)
140 views2 pages

Amount Per Check (Semi-Monthly)

The document shows a table with semi-monthly payment amounts for loans of varying principal balances (from ₱10,000 to ₱1,000,000) and interest rates (from 3.5% to 12%). It also provides details of a sample loan with a principal of ₱1,000,000, 1.5% interest, 5 year term - with a monthly payment of ₱215,000 and semi-monthly payment of ₱107,500 to be paid over 10 semi-monthly checks.

Uploaded by

Kevin Enerio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Amount per check (semi-monthly)

3.5% 3 4 5 6 7 8 9 10 11 12
10,000 1,841.67 1,425.00 1,175.00 1,008.33 889.29 800.00 730.56 675.00 629.55 591.67
20,000 3,683.33 2,850.00 2,350.00 2,016.67 1,778.57 1,600.00 1,461.11 1,350.00 1,259.09 1,183.33
30,000 5,525.00 4,275.00 3,525.00 3,025.00 2,667.86 2,400.00 2,191.67 2,025.00 1,888.64 1,775.00
35,000 6,445.83 4,987.50 4,112.50 3,529.17 3,112.50 2,800.00 2,556.94 2,362.50 2,203.41 2,070.83
40,000 7,366.67 5,700.00 4,700.00 4,033.33 3,557.14 3,200.00 2,922.22 2,700.00 2,518.18 2,366.67
50,000 9,208.33 7,125.00 5,875.00 5,041.67 4,446.43 4,000.00 3,652.78 3,375.00 3,147.73 2,958.33
60,000 11,050.00 8,550.00 7,050.00 6,050.00 5,335.71 4,800.00 4,383.33 4,050.00 3,777.27 3,550.00
75,000 13,812.50 10,687.50 8,812.50 7,562.50 6,669.64 6,000.00 5,479.17 5,062.50 4,721.59 4,437.50
80,000 14,733.33 11,400.00 9,400.00 8,066.67 7,114.29 6,400.00 5,844.44 5,400.00 5,036.36 4,733.33
100,000 18,416.67 14,250.00 11,750.00 10,083.33 8,892.86 8,000.00 7,305.56 6,750.00 6,295.45 5,916.67
125,000 23,020.83 17,812.50 14,687.50 12,604.17 11,116.07 10,000.00 9,131.94 8,437.50 7,869.32 7,395.83
150,000 27,625.00 21,375.00 17,625.00 15,125.00 13,339.29 12,000.00 10,958.33 10,125.00 9,443.18 8,875.00
200,000 36,833.33 28,500.00 23,500.00 20,166.67 17,785.71 16,000.00 14,611.11 13,500.00 12,590.91 11,833.33
250,000 46,041.67 35,625.00 29,375.00 25,208.33 22,232.14 20,000.00 18,263.89 16,875.00 15,738.64 14,791.67
300,000 55,250.00 42,750.00 35,250.00 30,250.00 26,678.57 24,000.00 21,916.67 20,250.00 18,886.36 17,750.00
350,000 64,458.33 49,875.00 41,125.00 35,291.67 31,125.00 28,000.00 25,569.44 23,625.00 22,034.09 20,708.33
400,000 73,666.67 57,000.00 47,000.00 40,333.33 35,571.43 32,000.00 29,222.22 27,000.00 25,181.82 23,666.67
450,000 82,875.00 64,125.00 52,875.00 45,375.00 40,017.86 36,000.00 32,875.00 30,375.00 28,329.55 26,625.00
500,000 92,083.33 71,250.00 58,750.00 50,416.67 44,464.29 40,000.00 36,527.78 33,750.00 31,477.27 29,583.33
550,000 101,291.67 78,375.00 64,625.00 55,458.33 48,910.71 44,000.00 40,180.56 37,125.00 34,625.00 32,541.67
600,000 110,500.00 85,500.00 70,500.00 60,500.00 53,357.14 48,000.00 43,833.33 40,500.00 37,772.73 35,500.00
650,000 119,708.33 92,625.00 76,375.00 65,541.67 57,803.57 52,000.00 47,486.11 43,875.00 40,920.45 38,458.33
700,000 128,916.67 99,750.00 82,250.00 70,583.33 62,250.00 56,000.00 51,138.89 47,250.00 44,068.18 41,416.67
750,000 138,125.00 106,875.00 88,125.00 75,625.00 66,696.43 60,000.00 54,791.67 50,625.00 47,215.91 44,375.00
800,000 147,333.33 114,000.00 94,000.00 80,666.67 71,142.86 64,000.00 58,444.44 54,000.00 50,363.64 47,333.33
850,000 156,541.67 121,125.00 99,875.00 85,708.33 75,589.29 68,000.00 62,097.22 57,375.00 53,511.36 50,291.67
900,000 165,750.00 128,250.00 105,750.00 90,750.00 80,035.71 72,000.00 65,750.00 60,750.00 56,659.09 53,250.00
950,000 174,958.33 135,375.00 111,625.00 95,791.67 84,482.14 76,000.00 69,402.78 64,125.00 59,806.82 56,208.33
1,000,000 184,166.67 142,500.00 117,500.00 100,833.33 88,928.57 80,000.00 73,055.56 67,500.00 62,954.55 59,166.67
Principal ₱1,000,000 Monthly Payment ₱215,000.00
Interest % 1.50% Semi-monthly ₱107,500.00
Term 5 Loan Proceeds ₱970,000
Total Interest ₱75,000 No. of checks (monthly) 5
Total Amortization ₱1,075,000 No. of checks (semi-monthly) 10

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