ðɪ ɐmˈaʊnt ˈoʊd ɔnðə lˈoʊn æt ðɪ ˈɛnd ʌv ˈɛvɹi mˈʌnθ ˈiːkwəlz ðɪ ɐmˈaʊnt ˈoʊd fɹʌmðə pɹˈiːviəs mˈʌnθ, plˈʌs ðɪ ˈɪntɹɛst ˌɔn ðɪs ɐmˈaʊnt, mˈaɪnəs ðə fˈɪkst ɐmˈaʊnt pˈeɪd ˈɛvɹi mˈʌnθ.
The amount owed on the loan at the end of every month equals the amount owed from the previous month, plus the interest on this amount, minus the fixed amount paid every month.