Homework 1 Excel Solutions

Homework 1 Excel Solutions - Loan Rate Term Period 1 2 3 4...

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Loan 200000 Rate 0.12 Term 20 Period Payment Balance Principal Interest 200000 1 ($2,202.17) $199,797.83 $202.17 ($2,000.00) 2 ($2,202.17) $199,593.63 $204.19 ($1,997.98) 3 ($2,202.17) $199,387.40 $206.24 ($1,995.94) 4 ($2,202.17) $199,179.10 $208.30 ($1,993.87) 5 ($2,202.17) $198,968.72 $210.38 ($1,991.79) 6 ($2,202.17) $198,756.23 $212.49 ($1,989.69) 7 ($2,202.17) $198,541.62 $214.61 ($1,987.56) 8 ($2,202.17) $198,324.87 $216.76 ($1,985.42) 9 ($2,202.17) $198,105.94 $218.92 ($1,983.25) 10 ($2,202.17) $197,884.83 $221.11 ($1,981.06) 11 ($2,202.17) $197,661.51 $223.32 ($1,978.85) 12 ($2,202.17) $197,435.95 $225.56 ($1,976.62) 13 ($2,202.17) $197,208.14 $227.81 ($1,974.36) 14 ($2,202.17) $196,978.05 $230.09 ($1,972.08) 15 ($2,202.17) $196,745.65 $232.39 ($1,969.78) 16 ($2,202.17) $196,510.94 $234.72 ($1,967.46) 17 ($2,202.17) $196,273.88 $237.06 ($1,965.11) 18 ($2,202.17) $196,034.44 $239.43 ($1,962.74) 19 ($2,202.17) $195,792.61 $241.83 ($1,960.34) 20 ($2,202.17) $195,548.37 $244.25 ($1,957.93) 21 ($2,202.17) $195,301.68 $246.69 ($1,955.48) 22 ($2,202.17) $195,052.52 $249.16 ($1,953.02) 23 ($2,202.17) $194,800.88 $251.65 ($1,950.53) 24 ($2,202.17) $194,546.71 $254.16 ($1,948.01) 25 ($2,202.17) $194,290.01 $256.71 ($1,945.47) 26 ($2,202.17) $194,030.74 $259.27 ($1,942.90) 27 ($2,202.17) $193,768.87 $261.86 ($1,940.31) 28 ($2,202.17) $193,504.39 $264.48 ($1,937.69) 29 ($2,202.17) $193,237.26 $267.13 ($1,935.04) 30 ($2,202.17) $192,967.46 $269.80 ($1,932.37) 31 ($2,202.17) $192,694.96 $272.50 ($1,929.67) 32 ($2,202.17) $192,419.74 $275.22 ($1,926.95) 33 ($2,202.17) $192,141.76 $277.97 ($1,924.20) 34 ($2,202.17) $191,861.01 $280.75 ($1,921.42) 35 ($2,202.17) $191,577.45 $283.56 ($1,918.61) 36 ($2,202.17) $191,291.05 $286.40 ($1,915.77) 37 ($2,202.17) $191,001.79 $289.26 ($1,912.91) 38 ($2,202.17) $190,709.63 $292.15 ($1,910.02) 39 ($2,202.17) $190,414.56 $295.08 ($1,907.10) 40 ($2,202.17) $190,116.53 $298.03 ($1,904.15) 41 ($2,202.17) $189,815.52 $301.01 ($1,901.17) 42 ($2,202.17) $189,511.51 $304.02 ($1,898.16) 43 ($2,202.17) $189,204.45 $307.06 ($1,895.12) 44 ($2,202.17) $188,894.32 $310.13 ($1,892.04) 45 ($2,202.17) $188,581.09 $313.23 ($1,888.94)
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46 ($2,202.17) $188,264.73 $316.36 ($1,885.81) 47 ($2,202.17) $187,945.21 $319.52 ($1,882.65) 48 ($2,202.17) $187,622.49 $322.72 ($1,879.45) 49 ($2,202.17) $187,296.54 $325.95 ($1,876.22) 50 ($2,202.17) $186,967.33 $329.21 ($1,872.97) 51 ($2,202.17) $186,634.83 $332.50 ($1,869.67) 52 ($2,202.17) $186,299.01 $335.82 ($1,866.35) 53 ($2,202.17) $185,959.83 $339.18 ($1,862.99) 54 ($2,202.17) $185,617.25 $342.57 ($1,859.60) 55 ($2,202.17) $185,271.25 $346.00 ($1,856.17) 56 ($2,202.17) $184,921.79 $349.46 ($1,852.71) 57 ($2,202.17) $184,568.84 $352.95 ($1,849.22) 58 ($2,202.17) $184,212.36 $356.48 ($1,845.69) 59 ($2,202.17) $183,852.31 $360.05 ($1,842.12) 60 ($2,202.17) $183,488.66 $363.65 ($1,838.52) 61 ($2,202.17) $183,121.37 $367.29 ($1,834.89) 62 ($2,202.17) $182,750.41 $370.96 ($1,831.21) 63 ($2,202.17) $182,375.75
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This note was uploaded on 11/03/2009 for the course MGMT 411 taught by Professor Clarke during the Spring '09 term at Purdue University-West Lafayette.

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Homework 1 Excel Solutions - Loan Rate Term Period 1 2 3 4...

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