DAy 12_BondsLuckyBuckeyeDebbie

DAy 12_BondsLuckyBuckeyeDebbie - BB 100,000.00 1 10,000.00...

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Lucky Co. Bonds-Buckeye/Debbie Interest payments = 100,000 x 0.10 = 10,000 PVA of $10,000 for 4 periods + PV of $100,000 due at the end of 4 periods @ 8% = $106,624.25 10,000 PMT 100,000 FV 8 I/Y 4 N CPT PV 106,624.25 Year Payments Interest 8% Principal Ending Principal Balance BB 106,624.25 1 10,000.00 8,529.94 1,470.06 105,154.19 2 10,000.00 8,412.34 1,587.66 103,566.53 3 10,000.00 8,285.32 1,714.68 101,851.85 4 10,000.00 8,148.15 1,851.85 99,999.99 4 100,000.00 100,000.00 (0.01) rounding
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Lucky Co. Bonds-Buckeye/Debbie Interest payments = 100,000 x 0.10 = 10,000 PVA of $10,000 for 4 periods + PV of $100,000 due at the end of 4 periods @ 10% = $100,000.00 10,000 PMT 100,000 FV 10 I/Y 4 N CPT PV 100,000.00 Year Payments Interest 10% Principal Ending Principal Balance
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Unformatted text preview: BB 100,000.00 1 10,000.00 10,000.00 0.00 100,000.00 2 10,000.00 10,000.00 0.00 100,000.00 3 10,000.00 10,000.00 0.00 100,000.00 4 10,000.00 10,000.00 0.00 100,000.00 4 100,000.00 100,000.00 0.00 Lucky Co. Bonds-Buckeye/Debbie Interest payments = 100,000 x 0.10 = 10,000 PVA of $10,000 for 4 periods + PV of $100,000 due at the end of 4 periods @ 12% = $93,925.30 10,000 PMT 100,000 FV 12 I/Y 4 N CPT PV 93,925.30 Year Payments Interest 12% Principal Ending Principal Balance BB 93,925.30 1 10,000.00 11,271.04 (1,271.04) 95,196.34 2 10,000.00 11,423.56 (1,423.56) 96,619.90 3 10,000.00 11,594.39 (1,594.39) 98,214.28 4 10,000.00 11,785.71 (1,785.71) 100,000.00 4 100,000.00 100,000.00 (0.00)...
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DAy 12_BondsLuckyBuckeyeDebbie - BB 100,000.00 1 10,000.00...

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