514_633933876153565025_camel

514_633933876153565025_camel - 18,925.31 3 1,000.00...

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Camel Deal 1 Equal Payments 20,000.00 @ 4% for 4 periods = $5,509.80 20,000 PV 4 I/Y PVA of $5,509.80 for 4 periods @12% = $16,735.19 Lowest Price 4 N Ending CPT PMT 5,509.80 Year Payments Interest 12% Principal Principal Balance Cost 16,735.19 5,509.80 PMT 1 5,509.80 2,008.22 3,501.58 13,233.61 12 I/Y 2 5,509.80 1,588.03 3,921.77 9,311.85 4 N 3 5,509.80 1,117.42 4,392.38 4,919.47 CPT PV 16,735.19 4 5,509.80 590.34 4,919.46 0.00 Deal 2 Interest Only 25,000.00 x 0.04 = $1,000.00 1,000 PMT 25,000 FV PVA of $1,000.00 + PV of $25,000.00 for 6 periods @ 12% = $16,777.19 12 I/Y 6 N Year Payments Interest 12% Principal Principal Balance CPT PV 16,777.19 Cost 16,777.19 1 1,000.00 2,013.26 (1,013.26) 17,790.45 2 1,000.00 2,134.85 (1,134.85)
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Unformatted text preview: 18,925.31 3 1,000.00 2,271.04 (1,271.04) 20,196.34 4 1,000.00 2,423.56 (1,423.56) 21,619.91 5 1,000.00 2,594.39 (1,594.39) 23,214.29 6 1,000.00 2,785.72 (1,785.72) 25,000.01 6 25,000.00 25,000.00 0.01 Rounding Deal 3 NO INTEREST 30,000.00 x 0.00% = $0.00 PVA of $0.00 + PV of $30,000 for 4 periods @ 12% = $17,022.81 30,000 FV 12 I/Y Year Payments Interest 12% Principal Principal Balance 5 N Cost 17,022.81 CPT PV 17,022.81 1 0.00 2,042.74 (2,042.74) 19,065.55 2 0.00 2,287.87 (2,287.87) 21,353.41 3 0.00 2,562.41 (2,562.41) 23,915.82 4 0.00 2,869.90 (2,869.90) 26,785.72 5 30,000.00 3,214.29 26,785.71 0.01 rounding Deal 4 Cash today $17,000.00...
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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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