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CPA DemoLes 7 PMT demo & practice

# CPA DemoLes 7 PMT demo & practice - Problem 1 Payment...

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Problem 1 Payment Schedule for a Loan Loan Amount \$5,000.00 Annual Interest Rate (APR) 6% Term (In years) 1 Periods in a year 12 Monthly Payment \$430.33 Schedule Interest Prinicple Start \$5,000.00 End of Period 1 \$25.00 \$405.33 \$4,594.67 End of Period 2 \$22.97 \$407.36 \$4,187.31 End of Period 3 \$20.94 \$409.40 \$3,777.91 End of Period 4 \$18.89 \$411.44 \$3,366.47 End of Period 5 \$16.83 \$413.50 \$2,952.97 End of Period 6 \$14.76 \$415.57 \$2,537.40 End of Period 7 \$12.69 \$417.65 \$2,119.76 End of Period 8 \$10.60 \$419.73 \$1,700.03 End of Period 9 \$8.50 \$421.83 \$1,278.19 End of Period 10 \$6.39 \$423.94 \$854.25 End of Period 11 \$4.27 \$426.06 \$428.19 End of Period 12 \$2.14 \$428.19 \$(0.00) Total Interest \$163.99 Remaining Principle 1. Calculate the m create a payment s the following terms total interest paid Loan amount: Annual interest rat Periods in a year: Term (in years):

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monthly payment and schedule for a loan with s. Also determine the over the life of the loan. \$5,000 te: 6% 12 1 year
Problem 2 Payment Schedule for a Loan Loan Amount \$2,500.00 Annual Interest Rate (APR) 8% Term (In years) 1.5 Periods in a year 12 Monthly Payment \$147.85 Schedule Interest Prinicple Start \$2,500.00 End of Period 1 \$16.67 \$131.18 \$2,368.82 End of Period 2 \$15.79 \$132.06 \$2,236.76 End of Period 3 \$14.91 \$132.94 \$2,103.82 End of Period 4 \$14.03 \$133.83 \$1,969.99 End of Period 5 \$13.13 \$134.72 \$1,835.28 End of Period 6 \$12.24 \$135.62 \$1,699.66 End of Period 7 \$11.33 \$136.52 \$1,563.14 End of Period 8 \$10.42 \$137.43 \$1,425.71 End of Period 9 \$9.50 \$138.35 \$1,287.36 End of Period 10 \$8.58 \$139.27 \$1,148.10 End of Period 11 \$7.65 \$140.20 \$1,007.90 End of Period 12 \$6.72 \$141.13 \$866.77 End of Period 13 \$5.78 \$142.07 \$724.70 End of Period 14 \$4.83 \$143.02 \$581.68 End of Period 15 \$3.88 \$143.97 \$437.70 End of Period 16 \$2.92 \$144.93 \$292.77 End of Period 17 \$1.95 \$145.90 \$146.87 End of Period 18 \$0.98 \$146.87 \$(0.00) Total Interest \$161.31 Remaining Principle 2. Calculate the m and create a pay a loan with the fo Also determine t paid over the life Loan amount: Annual interest r Periods in a year Term:

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monthly payment yment schedule for ollowing terms. the total interest e of the loan. \$2,500 rate: 8% r: 12 1.5 years
Problem 3 Payment Schedule for a Loan Loan Amount \$20,000.00 Annual Interest Rate (APR) 6.50% Term (In years) 3 Periods in a year 12 Monthly Payment \$612.98 Schedule Interest Prinicple Start \$20,000.00 End of Period 1 \$108.33 \$504.65 \$19,495.35 End of Period 2 \$105.60 \$507.38 \$18,987.97 End of Period 3 \$102.85 \$510.13 \$18,477.84 End of Period 4 \$100.09 \$512.89 \$17,964.95 End of Period 5 \$97.31 \$515.67 \$17,449.28 End of Period 6 \$94.52 \$518.46 \$16,930.82 End of Period 7 \$91.71 \$521.27 \$16,409.55 End of Period 8 \$88.89 \$524.10 \$15,885.45 End of Period 9 \$86.05 \$526.93 \$15,358.52 End of Period 10 \$83.19 \$529.79 \$14,828.73 End of Period 11 \$80.32 \$532.66 \$14,296.07 End of Period 12 \$77.44 \$535.54 \$13,760.53 End of Period 13 \$74.54 \$538.44 \$13,222.09 End of Period 14 \$71.62 \$541.36 \$12,680.73 End of Period 15 \$68.69 \$544.29 \$12,136.43 End of Period 16 \$65.74 \$547.24 \$11,589.19 End of Period 17 \$62.77 \$550.21 \$11,038.99 End of Period 18 \$59.79 \$553.19 \$10,485.80 End of Period 19 \$56.80 \$556.18 \$9,929.62 End of Period 20 \$53.79 \$559.19 \$9,370.43 End of Period 21 \$50.76 \$562.22 \$8,808.20 End of Period 22 \$47.71 \$565.27 \$8,242.93 End of Period 23 \$44.65 \$568.33 \$7,674.60 End of Period 24 \$41.57 \$571.41 \$7,103.19 End of Period 25 \$38.48 \$574.50 \$6,528.69 End of Period 26 \$35.36 \$577.62 \$5,951.07 End of Period 27 \$32.23 \$580.75 \$5,370.33 End of Period 28 \$29.09 \$583.89 \$4,786.44 End of Period 29 \$25.93 \$587.05 \$4,199.38 End of Period 30 \$22.75 \$590.23 \$3,609.15 End of Period 31 \$19.55 \$593.43 \$3,015.72 End of Period 32 \$16.34 \$596.64 \$2,419.07 End of Period 33 \$13.10 \$599.88 \$1,819.20 End of Period 34 \$9.85 \$603.13 \$1,216.07 End of Period 35 \$6.59 \$606.39 \$609.68 End of Period 36 \$3.30 \$609.68 \$(0.00) Total Interest \$2,067.28 Remaining Principle 3. Calculate the mo create a payment sc the following terms. total interest paid o Loan amount: Annual interest rate Periods in a year: Term:

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onthly payment and chedule for a loan with . Also determine the over the life of the loan.
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CPA DemoLes 7 PMT demo & practice - Problem 1 Payment...

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