Session Nov 9 2009 (Amortization Tables)

Session Nov 9 2009 (Amortization Tables) - $427.23...

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Nov 9 Session, Problem #1 Date Cash Interest (5%) Interest Expense (8%) Discount Amortized Carrying Value 1/1/2008  $44,011.00  12/31/2008  $2,500.00   $3,520.88   $1,020.88   $45,031.88  12/31/2009  $2,500.00   $3,602.55   $1,102.55   $46,134.43  12/31/2010  $2,500.00   $3,690.75   $1,190.75   $47,325.18  12/31/2011  $2,500.00   $3,786.01   $1,286.01   $48,611.20  12/31/2012  $2,500.00   $3,888.80   $1,388.80   $50,000.00  Total  $12,500.00   $18,489.00   $5,989.00  Problem #2 Date Cash Interest (5%) Interest Expense (4%) Premium Amortized Carrying Value 1/1/2008  $52,230.00  12/31/2008  $2,500.00   $2,089.20   $410.80   $51,819.20  12/31/2009  $2,500.00   $2,072.77 
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Unformatted text preview: $427.23 $51,391.97 12/31/2010 $2,500.00 $2,055.68 $444.32 $50,947.65 12/31/2011 $2,500.00 $2,037.91 $462.09 $50,485.55 12/31/2012 $2,500.00 $2,014.45 $485.55 $50,000.00 Total $12,500.00 $10,270.00 $2,230.00 Problem #3 Date Annual Payment Interest Exp. Prem. Amortized Rem. Balance 1/1/2009 40000 12/31/2009 $11,096.39 4800 $6,296.39 $33,703.61 12/31/2010 $11,096.39 4044.43 $7,051.96 $26,651.65 12/31/2011 $11,096.39 3198.20 $7,898.19 $18,753.46 12/31/2012 $11,096.39 2250.42 $8,845.97 $9,907.49 12/31/2013 $11,096.39 1188.90 $9,907.49 $0.00...
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This note was uploaded on 01/29/2010 for the course MGMT 201 taught by Professor Rowe during the Spring '08 term at Purdue University-West Lafayette.

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