Excel Problem 12

Excel Problem 12 - Loan Amortization Schedule Loan amount...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Loan Amortization Schedule Enter values Loan summary Loan amount  $10,000.00  Scheduled payment  $188.71  Annual interest rate 5.00 %  Scheduled number of payments 60  Loan period in years Actual number of payments 60  Number of payments per year 12  Total early payments  $-    Start date of loan 10/9/2003 Total interest  $1,322.74  Optional extra payments Lender name: Payment Date Beginning Balance Extra Payment Total Payment Principal Interest Ending Balance Cumulative Interest 1 11/9/2003  $10,000.00   $188.71   $-     $188.71   $147.05   $41.67   $9,852.95   $41.67  2 12/9/2003  $9,852.95   $188.71   $-     $188.71   $147.66   $41.05   $9,705.30   $82.72  3 1/9/2004  $9,705.30   $188.71   $-     $188.71   $148.27   $40.44   $9,557.02   $123.16  4 2/9/2004  $9,557.02   $188.71   $-     $188.71   $148.89   $39.82   $9,408.13   $162.98  5 3/9/2004  $9,408.13   $188.71   $-     $188.71   $149.51   $39.20   $9,258.62   $202.18  6 4/9/2004  $9,258.62   $188.71   $-     $188.71   $150.13   $38.58   $9,108.48   $240.76  7 5/9/2004  $9,108.48   $188.71   $-     $188.71   $150.76   $37.95   $8,957.72   $278.71  8 6/9/2004  $8,957.72   $188.71   $-     $188.71   $151.39   $37.32   $8,806.34   $316.03  9 7/9/2004  $8,806.34   $188.71   $-     $188.71   $152.02   $36.69   $8,654.32   $352.73  10 8/9/2004  $8,654.32   $188.71   $-     $188.71   $152.65   $36.06   $8,501.66   $388.79  11 9/9/2004  $8,501.66   $188.71   $-     $188.71   $153.29   $35.42   $8,348.37   $424.21  12 10/9/2004  $8,348.37   $188.71   $-     $188.71   $153.93   $34.78   $8,194.45   $459.00  13 11/9/2004  $8,194.45   $188.71   $-     $188.71   $154.57   $34.14   $8,039.88   $493.14  14 12/9/2004  $8,039.88   $188.71   $-     $188.71   $155.21   $33.50   $7,884.67   $526.64  15 1/9/2005  $7,884.67   $188.71   $-     $188.71   $155.86   $32.85   $7,728.81   $559.49  16 2/9/2005  $7,728.81   $188.71   $-     $188.71   $156.51   $32.20   $7,572.30   $591.69  17 3/9/2005  $7,572.30   $188.71   $-     $188.71   $157.16   $31.55   $7,415.14   $623.25  18 4/9/2005  $7,415.14   $188.71   $-     $188.71   $157.82   $30.90   $7,257.32   $654.14  19 5/9/2005  $7,257.32   $188.71   $-     $188.71   $158.47   $30.24   $7,098.85   $684.38  20 6/9/2005  $7,098.85   $188.71   $-     $188.71   $159.13   $29.58   $6,939.71   $713.96  21 7/9/2005  $6,939.71   $188.71   $-     $188.71   $159.80   $28.92   $6,779.92   $742.88  22 8/9/2005  $6,779.92   $188.71   $-     $188.71   $160.46   $28.25   $6,619.45   $771.12  23 9/9/2005  $6,619.45   $188.71   $-   
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/26/2009 for the course MATH 1303 taught by Professor Morazan during the Fall '08 term at Seton Hall.

Page1 / 13

Excel Problem 12 - Loan Amortization Schedule Loan amount...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online