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The document describes a model for automatically adjusting loan recovery amounts based on installment payments. It provides the loan amount, required interest rate, monthly installment amount, and a table showing the outstanding balance, interest, installment amount, additional payments, and balance over 60 months of repayment. The model adjusts the future installments and balance depending on on-time payments and any lump sum prepayments to ensure the required interest rate is achieved.
The document describes a model for automatically adjusting loan recovery amounts based on installment payments. It provides the loan amount, required interest rate, monthly installment amount, and a table showing the outstanding balance, interest, installment amount, additional payments, and balance over 60 months of repayment. The model adjusts the future installments and balance depending on on-time payments and any lump sum prepayments to ensure the required interest rate is achieved.
The document describes a model for automatically adjusting loan recovery amounts based on installment payments. It provides the loan amount, required interest rate, monthly installment amount, and a table showing the outstanding balance, interest, installment amount, additional payments, and balance over 60 months of repayment. The model adjusts the future installments and balance depending on on-time payments and any lump sum prepayments to ensure the required interest rate is achieved.