chap10_ho1_amortization_solution

chap10_ho1_amortization_solution - Entervalues Loanamount...

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Loan Amortization Schedule Enter values Loan summary Loan amount  $300,000.00  Scheduled payment  $1,704.95  Annual interest rate 6.25 %  Scheduled number of payments 390  Loan period in years 30  Actual number of payments 390  Number of payments per year 13  Total early payments  $-    Start date of loan 1/1/2009 Total interest  $364,929.39  Optional extra payments Lender name: Arthur L. Stone Jr. Payment Date Beginning Balance Extra Payment Total Payment Principal Interest Ending Balance Cumulative Interest 1 1/1/2009  $300,000.00   $1,704.95   $-     $1,704.95   $262.64   $1,442.31   $299,737.36   $1,442.31  2 2/1/2009  $299,737.36   $1,704.95   $-     $1,704.95   $263.90   $1,441.05   $299,473.46   $2,883.35  3 3/1/2009  $299,473.46   $1,704.95   $-     $1,704.95   $265.17   $1,439.78   $299,208.29   $4,323.13  4 4/1/2009  $299,208.29   $1,704.95   $-     $1,704.95   $266.45   $1,438.50   $298,941.84   $5,761.63  5 5/1/2009  $298,941.84   $1,704.95   $-     $1,704.95   $267.73   $1,437.22   $298,674.11   $7,198.85  6 6/1/2009  $298,674.11   $1,704.95   $-     $1,704.95   $269.01   $1,435.93   $298,405.10   $8,634.78  7 7/1/2009  $298,405.10   $1,704.95   $-     $1,704.95   $270.31   $1,434.64   $298,134.79   $10,069.42  8 8/1/2009  $298,134.79   $1,704.95   $-     $1,704.95   $271.61   $1,433.34   $297,863.19   $11,502.76  9 9/1/2009  $297,863.19   $1,704.95   $-     $1,704.95   $272.91   $1,432.03   $297,590.27   $12,934.80  10 10/1/2009  $297,590.27   $1,704.95   $-     $1,704.95   $274.22   $1,430.72   $297,316.05   $14,365.52  11 11/1/2009  $297,316.05   $1,704.95   $-     $1,704.95   $275.54   $1,429.40   $297,040.51   $15,794.93  12 12/1/2009  $297,040.51   $1,704.95   $-     $1,704.95   $276.87   $1,428.08   $296,763.64   $17,223.00  13 1/1/2010  $296,763.64   $1,704.95   $-     $1,704.95   $278.20   $1,426.75   $296,485.44   $18,649.75  14 1/1/2010  $296,485.44   $1,704.95   $-     $1,704.95   $279.54   $1,425.41   $296,205.90   $20,075.16  15 2/1/2010  $296,205.90   $1,704.95   $-     $1,704.95   $280.88   $1,424.07   $295,925.02   $21,499.23  16 3/1/2010  $295,925.02   $1,704.95   $-     $1,704.95   $282.23   $1,422.72   $295,642.79   $22,921.95  17 4/1/2010  $295,642.79   $1,704.95   $-     $1,704.95   $283.59   $1,421.36   $295,359.21   $24,343.31  18 5/1/2010  $295,359.21   $1,704.95   $-     $1,704.95   $284.95   $1,420.00   $295,074.25   $25,763.30  19 6/1/2010  $295,074.25   $1,704.95   $-     $1,704.95   $286.32   $1,418.63   $294,787.93   $27,181.93  20 7/1/2010  $294,787.93   $1,704.95   $-     $1,704.95   $287.70   $1,417.25   $294,500.24   $28,599.18  21 8/1/2010  $294,500.24   $1,704.95   $-     $1,704.95   $289.08   $1,415.87   $294,211.16   $30,015.05  22 9/1/2010  $294,211.16   $1,704.95   $-     $1,704.95   $290.47   $1,414.48   $293,920.68   $31,429.52  23 10/1/2010  $293,920.68   $1,704.95   $-     $1,704.95   $291.87   $1,413.08   $293,628.82   $32,842.60  24 11/1/2010  $293,628.82   $1,704.95   $-     $1,704.95   $293.27   $1,411.68   $293,335.55   $34,254.28  25 12/1/2010  $293,335.55   $1,704.95   $-     $1,704.95   $294.68   $1,410.27   $293,040.87   $35,664.55  26 1/1/2011  $293,040.87   $1,704.95   $-     $1,704.95   $296.10   $1,408.85   $292,744.77   $37,073.40  27 1/1/2011  $292,744.77   $1,704.95   $-     $1,704.95   $297.52   $1,407.43   $292,447.25   $38,480.82  28 2/1/2011  $292,447.25   $1,704.95   $-     $1,704.95   $298.95   $1,406.00   $292,148.30   $39,886.82  29 3/1/2011  $292,148.30   $1,704.95   $-     $1,704.95   $300.39   $1,404.56   $291,847.91   $41,291.38  30 4/1/2011  $291,847.91   $1,704.95   $-     $1,704.95   $301.83   $1,403.11   $291,546.08   $42,694.49  31 5/1/2011  $291,546.08   $1,704.95   $-     $1,704.95   $303.28   $1,401.66   $291,242.80   $44,096.16  32 6/1/2011  $291,242.80   $1,704.95   $-     $1,704.95   $304.74   $1,400.21   $290,938.05   $45,496.36  Pmt.  No. Scheduled  Payment
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33 7/1/2011  $290,938.05   $1,704.95   $-     $1,704.95   $306.21   $1,398.74   $290,631.85   $46,895.10  34 8/1/2011  $290,631.85   $1,704.95   $-     $1,704.95   $307.68   $1,397.27   $290,324.17   $48,292.37  35 9/1/2011  $290,324.17   $1,704.95   $-     $1,704.95   $309.16   $1,395.79   $290,015.01   $49,688.16  36 10/1/2011  $290,015.01   $1,704.95   $-     $1,704.95   $310.64   $1,394.30   $289,704.37   $51,082.46  37 11/1/2011  $289,704.37   $1,704.95 
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