Copy of Soup1 - The Soup Shop Tutorial 2 CP 4 Author Date...

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The Soup Shop Tutorial 2 CP 4 Author Luke Tomaselli Box 1694 Seat 17 Date 5/11/2009 Purpose To record detailed calculations about a proposed business loan.
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The Soup Shop Loan Details Payment Schedule Loan -125,000 Month Date Principal Payment Interest Payment Remaining Years 5 1 4/1/2006 $2,432.59 $0.00 $122,567.41 Periods pe 12 2 5/1/2006 $1,768.69 $663.91 $120,798.72 Total Perio 60 3 6/1/2006 $1,778.27 $654.33 $119,020.46 Interest Ra 6.50% 4 7/1/2006 $1,787.90 $644.69 $117,232.56 Monthly Pa $2,432.59 5 8/1/2006 $1,797.58 $635.01 $115,434.98 6 9/1/2006 $1,807.32 $625.27 $113,627.66 Payment S Principal Paid Interest Paid Remaining Principal 7 10/1/2006 $1,817.11 $615.48 $111,810.55 After 1 Yea $22,423.71 $6,767.40 $102,576.29 8 11/1/2006 $1,826.95 $605.64 $109,983.60 After 2 Yea $45,630.63 $12,751.58 $79,369.37 9 12/1/2006 $1,836.85 $595.74 $108,146.75 After 3 Yea $70,391.77 $17,181.54 $54,608.23 10 1/1/2007 $1,846.80 $585.79 $106,299.95 After 4 Yea $96,811.21 $19,953.21 $28,188.79 11 2/1/2007 $1,856.80 $575.79 $104,443.15 After 5 Yea $125,000.00 $20,955.52 ($0.00) 12 3/1/2007 $1,866.86 $565.73 $102,576.29 13 4/1/2007 $1,876.97 $555.62 $100,699.32 Interest Savings 14 5/1/2007 $1,887.14 $545.45 $98,812.19 After 1 Yea $14,188.12 15 6/1/2007 $1,897.36 $535.23 $96,914.83 After 2 Yea $8,203.94 16 7/1/2007 $1,907.64 $524.96 $95,007.19 After 3 Yea $3,773.98 17 8/1/2007 $1,917.97 $514.62 $93,089.22 After 4 Yea $1,002.31 18 9/1/2007 $1,928.36 $504.23 $91,160.86 19 10/1/2007 $1,938.80 $493.79 $89,222.06 20 11/1/2007 $1,949.31 $483.29 $87,272.75 21 12/1/2007 $1,959.86 $472.73 $85,312.89 22 1/1/2008 $1,970.48 $462.11 $83,342.41 23 2/1/2008 $1,981.15 $451.44 $81,361.25
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