157_633910267029524079_BuddyAirplane_Amortization_

157_633910267029524079_BuddyAirplane_Amortization_ - 3...

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Buddy-Airplane Equal Payments Cost 250,000 200000 PV Downpayment 50,000 5 I/Y Financed 200,000 5 N CPT PMT = 46,194.96 PV of Amt. Financed 46,194.96 PMT 10 I/Y 5 N CPT PV = 175,115.24 Downpayment 50,000.00 Total Amount Actually Paying 225,115.24 Applied to PMT INTEREST 10% PRINCIPAL BALANCE Cost 225,115.24 Downpayment 50,000.00 50,000.00 175,115.24 1 46,194.96 17,511.52 28,683.44 146,431.80 2 46,194.96 14,643.18 31,551.78 114,880.02
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Unformatted text preview: 3 46,194.96 11,488.00 34,706.96 80,173.07 4 46,194.96 8,017.31 38,177.65 41,995.41 5 46,194.96 4,199.54 41,995.42 (0.01) Buddy-Airplane Equal Payments Cost 250,000 200000 PV Downpayment 50,000 5 I/Y Financed 200,000 5 N CPT PMT = PV of Amt. Financed 46,194.96 PMT 10 I/Y 5 N CPT PV = 175,115.24 Downpayment 50,000.00 Total Amount Actually Paying 225,115.24 46,194.96...
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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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