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The Soup Shop Tutorial 2 CP 4 Author Luke Tomaselli Box 1694 Seat 17 Date 3/14/2007 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 Years 5 1 4/1/2006 Periods per Year 12 2 5/1/2006 Total Periods 60 3 6/1/2006 Interest Rate 6.50% 4 7/1/2006 Monthly Payment $2,432.59 5 8/1/2006 6 9/1/2006 Payment Summary Principal Paid Interest Paid Remaining Principal 7 10/1/2006 After 1 Year 8 11/1/2006 After 2 Years 9 12/1/2006 After 3 Years 10 1/1/2007 After 4 Years 11 2/1/2007 After 5 Years 12 3/1/2007 13 4/1/2007 Interest Savings 14 5/1/2007 After 1 Year 15 6/1/2007 After 2 Years 16 7/1/2007 After 3 Years 17 8/1/2007 After 4 Years
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Unformatted text preview: 18 9/1/2007 19 10/1/2007 20 11/1/2007 21 12/1/2007 22 1/1/2008 23 2/1/2008 24 3/1/2008 25 4/1/2008 26 5/1/2008 27 6/1/2008 28 7/1/2008 29 8/1/2008 30 9/1/2008 31 10/1/2008 32 11/1/2008 33 12/1/2008 34 1/1/2009 35 2/1/2009 36 3/1/2009 37 4/1/2009 38 5/1/2009 39 6/1/2009 40 7/1/2009 41 8/1/2009 42 9/1/2009 43 10/1/2009 44 11/1/2009 45 12/1/2009 46 1/1/2010 47 2/1/2010 48 3/1/2010 49 4/1/2010 50 5/1/2010 51 6/1/2010 52 7/1/2010 53 8/1/2010 54 9/1/2010 55 10/1/2010 56 11/1/2010 57 12/1/2010 58 1/1/2011 59 2/1/2011 60 3/1/2011 Principal Payment Interest Payment Remaining...
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