After $8$ months, the loan amount is $1,370,630\mathrm{.}70,$ which went down by approx $30,000$ from the original loan of $1\mathrm{.}4$Million. So why is it that after $6$ months of payment that the loan only went down by approx $2,000$ to $1,368,208\mathrm{.}70?$

Can you check the calculation and let me know the answer of what the balance is owing of loan $?$

Thank you for giving very good explaination. It would be nice to get the steps you have taken by use of business calculator.

Sanjay