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CMMPS1 - Zainab Nejati Problem Set Calculate Interest on...

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Zainab Nejati 1/30/2006 Problem Set #! Calculate Interest on Your Student Loan Annual Interest Rate (Decimal) 30% Interest Per Month 0.03 Number of Months of Payment 60 Amount of Loan 30000 Monthly Payment ($970.60) Calculate Interest of Your Student Loan Annual Interest Rate (Percentage) 30% Interest Per Month 0.03 Number of Months of Payment 60 Amount of Loan 30000 Monthly Payment $970.60
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Interest (Monthly) 0.03 Monthly Payment $970.60 Calculating Remaining Principal on Loan Month Principal Remaining Interest Amount Payment Gong Towards Reducing Principal 0 $30,000.00 $0.00 $0.00 1 $29,779.40 $750.00 $220.60 2 $29,553.28 $744.48 $226.12 3 $29,321.51 $738.83 $231.77 4 $29,083.95 $733.04 $237.56 5 $28,840.44 $727.10 $243.50 6 $28,590.85 $721.01 $249.59 7 $28,335.02 $714.77 $255.83 8 $28,072.80 $708.38 $262.23 9 $27,804.01 $701.82 $268.78 10 $27,528.51 $695.10 $275.50 11 $27,246.12 $688.21 $282.39 12 $26,956.68 $681.15 $289.45 13 $26,659.99 $673.92 $296.68 14 $26,355.89 $666.50 $304.10 15 $26,044.18 $658.90 $311.70 16 $25,724.69 $651.10 $319.50 17 $25,397.20 $643.12 $327.48 18 $25,061.53 $634.93 $335.67 19 $24,717.47 $626.54 $344.06 20 $24,364.80 $617.94 $352.67 21 $24,003.32 $609.12 $361.48 22 $23,632.80 $600.08 $370.52 23 $23,253.02 $590.82 $379.78 24 $22,863.74 $581.33 $389.28 25 $22,464.73 $571.59
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