Installment Parameters
Invoice Details
Defaults to whole-dollar roundup (e.g. $143/mo for $142.46).
Financed Amount:$1000.00
Monthly Payment:$143.00 / mo
Total Interest Earned:+$139.16
1. Full Store Amortization Schedule (Internal Accounting)
Includes principal breakdown, 3% interest profit, and ending balances.
| Month | Payment Date | Starting Balance | Total Payment | Principal Paid | Interest (3%) | Ending Balance |
|---|---|---|---|---|---|---|
| Upfront | $1500.00 | $500.00 | $500.00 | $0.00 | $1000.00 | |
| 1 | $1000.00 | $143.00 | $113.00 | $30.00 | $887.00 | |
| 2 | $887.00 | $143.00 | $116.39 | $26.61 | $770.61 | |
| 3 | $770.61 | $143.00 | $119.88 | $23.12 | $650.73 | |
| 4 | $650.73 | $143.00 | $123.48 | $19.52 | $527.25 | |
| 5 | $527.25 | $143.00 | $127.18 | $15.82 | $400.07 | |
| 6 | $400.07 | $143.00 | $131.00 | $12.00 | $269.07 | |
| 7 | $269.07 | $143.00 | $134.93 | $8.07 | $134.14 | |
| 8 | $134.14 | $138.16 | $134.14 | $4.02 | $0.00 | |
| Total | - | - | $1639.16 | $1500.00 | $139.16 | $0.00 |
2. Customer Payment Schedule (Simplified for Customer)
Shows ONLY Month, Starting Balance, and Total Monthly Payment for customer receipts/quotes.
| Month | Payment Date | Starting Balance | Total Monthly Payment |
|---|---|---|---|
| Upfront | $1500.00 | $500.00 | |
| Month 1 | $1000.00 | $143.00 | |
| Month 2 | $887.00 | $143.00 | |
| Month 3 | $770.61 | $143.00 | |
| Month 4 | $650.73 | $143.00 | |
| Month 5 | $527.25 | $143.00 | |
| Month 6 | $400.07 | $143.00 | |
| Month 7 | $269.07 | $143.00 | |
| Month 8 | $134.14 | $138.16 | |
| Total Paid by Customer | - | - | $1639.16 |