157_633910265910060650_Sally_Int_Only__Balloon__Amortization

157_633910265910060650_Sally_Int_Only__Balloon__Amortization...

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Sally Note - Interest Only + Balloon Annual Interest= 100,000 x 12% = 12,000 Annuity 12,000 PMT 100,000 FV 14 I/Y 4 N CPT PV 94,172.58 Applied to Ending Year Payments Interest 14% Principal Principal Balance Cost 94,172.58 1 12,000.00 13,184.16 (1,184.16) 95,356.74 2 12,000.00 13,349.94 (1,349.94) 96,706.68 3 12,000.00 13,538.94 (1,538.94) 98,245.62 4 12,000.00 13,754.39 (1,754.39) 100,000.01 " 100,000.00 100,000.00 0.01
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Sally Note - Interest Only + Balloon Annual Interest= 100,000 x 12% = 12,000 Applied to Year Payments Interest 8% Principal Cost 1 12,000.00 9,059.88 2,940.12 2 12,000.00 8,824.67 3,175.33 3 12,000.00 8,570.64 3,429.36 4 12,000.00 8,296.30 3,703.70
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Unformatted text preview: " 100,000.00 100,000.00 Annuity 12,000 100,000 8 4 CPT PV Ending Principal Balance 113,248.51 110,308.39 107,133.06 103,703.71 100,000.00 0.00 PMT FV I/Y N 113,248.51 Sally Note - Interest Only + Balloon Annual Interest= 100,000 x 12% = 12,000 Applied to Year Payments Interest 8% Principal Cost 1 12,000.00 9,059.88 2,940.12 2 12,000.00 8,824.67 3,175.33 3 12,000.00 8,570.64 3,429.36 4 12,000.00 8,296.30 3,703.70 " 100,000.00 100,000.00 Annuity 12,000 100,000 8 4 CPT PV Ending Principal Balance 113,248.51 110,308.39 107,133.06 103,703.71 100,000.00 0.00 PMT FV I/Y N 113,248.51...
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This note was uploaded on 09/12/2010 for the course ACCT 101 taught by Professor Drkirch during the Spring '10 term at Ohio University- Athens.

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157_633910265910060650_Sally_Int_Only__Balloon__Amortization...

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