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A 500 million dollar loan was taken out over 5 years at an annual interest rate of 11.5%. The loan required monthly payments of 10,996,303.69 for 60 months. Over the life of the loan, total interest paid was projected to be 159,778,221.25. The document provides a detailed payment schedule showing the remaining balance, principal paid, interest paid, and cumulative interest for each monthly payment over the 5 year term of the loan.
A 500 million dollar loan was taken out over 5 years at an annual interest rate of 11.5%. The loan required monthly payments of 10,996,303.69 for 60 months. Over the life of the loan, total interest paid was projected to be 159,778,221.25. The document provides a detailed payment schedule showing the remaining balance, principal paid, interest paid, and cumulative interest for each monthly payment over the 5 year term of the loan.
A 500 million dollar loan was taken out over 5 years at an annual interest rate of 11.5%. The loan required monthly payments of 10,996,303.69 for 60 months. Over the life of the loan, total interest paid was projected to be 159,778,221.25. The document provides a detailed payment schedule showing the remaining balance, principal paid, interest paid, and cumulative interest for each monthly payment over the 5 year term of the loan.
Loan Amount 500,000,000.00 Scheduled Payment 10,996,303.69 Annual Interest Rate 11.50 % Scheduled Number of Payments 60 Loan Period in Years 5 Actual Number of Payments 60 Number of Payments Per Year 12 Start Date of Loan 21-Nov-2018 Total Interest 159,778,221.25