chap8_cap_challenge_solution

chap8_cap_challenge_solution - Loan Amount: Annual Interest...

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Loan Amount: $30,000.00 Annual Interest Rate: 6.25% 1 Number of Periods: 48 Payment Amount: $707.99 Total Payments: $33,983.74 Total Interest: $3,983.74 6.00% 6.50% 7.00% Payment Amount: $707.99 $704.55 $711.45 $718.39 Total Payments: $33,983.74 $33,818.44 $34,149.53 $34,482.59 Total Interest: $3,983.74 $3,818.44 $4,149.53 $4,482.59 $3,983.74 6.00% 6.50% 7.00% 7.50% $30,000.00 $3,818.44 $4,149.53 $4,482.59 $4,817.62 $31,000.00 $3,945.72 $4,287.85 $4,632.01 $4,978.21 $32,000.00 $4,073.00 $4,426.17 $4,781.43 $5,138.79 $33,000.00 $4,200.29 $4,564.49 $4,930.85 $5,299.38 $34,000.00 $4,327.57 $4,702.80 $5,080.27 $5,459.97 Pmt. Period (months):
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7.50% 8.00% 8.50% $725.37 $732.39 $739.45 $34,817.62 $35,154.61 $35,493.56 $4,817.62 $5,154.61 $5,493.56 8.00% 8.50% 9.00% $5,154.61 $5,493.56 $5,834.46 $5,326.43 $5,676.68 $6,028.94 $5,498.25 $5,859.79 $6,223.43 $5,670.07 $6,042.91 $6,417.91 $5,841.89 $6,226.03 $6,612.39
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PMT Function - The Purchase of Snow Equipment Purchase Price
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This note was uploaded on 04/15/2008 for the course CIS CIS 1310 taught by Professor Jetton during the Spring '08 term at Texas State.

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chap8_cap_challenge_solution - Loan Amount: Annual Interest...

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