Excel Problem 11

Excel Problem 11 - Loan Amortization Schedule Loan amount...

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Loan Amortization Schedule Enter values Loan summary Loan amount  $75,766.05  Scheduled payment  $482.35  Annual interest rate 5.20 %  Scheduled number of payments 264  Loan period in years 22  Actual number of payments 264  Number of payments per year 12  Total early payments  $-    Start date of loan 10/9/2005 Total interest  $51,573.82  Optional extra payments Lender name: Payment Date Beginning Balance Extra Payment Total Payment Principal Interest Ending Balance Cumulative Interest 1 11/9/2005  $75,766.05   $482.35   $-     $482.35   $154.03   $328.32   $75,612.02   $328.32  2 12/9/2005  $75,612.02   $482.35   $-     $482.35   $154.70   $327.65   $75,457.33   $655.97  3 1/9/2006  $75,457.33   $482.35   $-     $482.35   $155.37   $326.98   $75,301.96   $982.95  4 2/9/2006  $75,301.96   $482.35   $-     $482.35   $156.04   $326.31   $75,145.92   $1,309.26  5 3/9/2006  $75,145.92   $482.35   $-     $482.35   $156.72   $325.63   $74,989.20   $1,634.89  6 4/9/2006  $74,989.20   $482.35   $-     $482.35   $157.39   $324.95   $74,831.81   $1,959.85  7 5/9/2006  $74,831.81   $482.35   $-     $482.35   $158.08   $324.27   $74,673.73   $2,284.12  8 6/9/2006  $74,673.73   $482.35   $-     $482.35   $158.76   $323.59   $74,514.97   $2,607.70  9 7/9/2006  $74,514.97   $482.35   $-     $482.35   $159.45   $322.90   $74,355.52   $2,930.60  10 8/9/2006  $74,355.52   $482.35   $-     $482.35   $160.14   $322.21   $74,195.38   $3,252.81  11 9/9/2006  $74,195.38   $482.35   $-     $482.35   $160.83   $321.51   $74,034.55   $3,574.32  12 10/9/2006  $74,034.55   $482.35   $-     $482.35   $161.53   $320.82   $73,873.01   $3,895.14  13 11/9/2006  $73,873.01   $482.35   $-     $482.35   $162.23   $320.12   $73,710.78   $4,215.26  14 12/9/2006  $73,710.78   $482.35   $-     $482.35   $162.93   $319.41   $73,547.85   $4,534.67  15 1/9/2007  $73,547.85   $482.35   $-     $482.35   $163.64   $318.71   $73,384.21   $4,853.38  16 2/9/2007  $73,384.21   $482.35   $-     $482.35   $164.35   $318.00   $73,219.86   $5,171.38  17 3/9/2007  $73,219.86   $482.35   $-     $482.35   $165.06   $317.29   $73,054.80   $5,488.66  18 4/9/2007  $73,054.80   $482.35   $-     $482.35   $165.78   $316.57   $72,889.02   $5,805.23  19 5/9/2007  $72,889.02   $482.35   $-     $482.35   $166.50   $315.85   $72,722.52   $6,121.08  20 6/9/2007  $72,722.52   $482.35   $-     $482.35   $167.22   $315.13   $72,555.31   $6,436.22  21 7/9/2007  $72,555.31   $482.35   $-     $482.35   $167.94   $314.41   $72,387.36   $6,750.62  22 8/9/2007  $72,387.36   $482.35   $-     $482.35 
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Excel Problem 11 - Loan Amortization Schedule Loan amount...

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