S07 Chap 4-4 - DebtManagement Lecture No.4-4 Chapter 4...

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   Contemporary Engineering Economics, 4 th   edition,  ©  2007 Debt Management  Lecture No.4-4 Chapter 4 Contemporary Engineering Economics Copyright © 2006
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   Contemporary Engineering Economics, 4 th   edition,  ©  2007 Debt Management
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   Contemporary Engineering Economics, 4 th   edition,  ©  2007 Example 4.12 Amortized Loan Given : P = $5,000, i = 12% APR, N = 24 months Find : A A = $5,000(A/P, 1%, 24) = $235.37
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   Contemporary Engineering Economics, 4 th   edition,  ©  2007 Loan Repayment Schedule
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   Contemporary Engineering Economics, 4 th   edition,  ©  2007 Calculating the Remaining Loan Balance  after Making the  n th  Payment
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   Contemporary Engineering Economics, 4 th   edition,  ©  2007 Example 4.13 – Computing the Outstanding  Loan Balance after making the 6 th  payment  
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   Contemporary Engineering Economics, 4 th   edition,  ©  2007 Practice Problem Consider the 7 th payment ($235.37) (a) How much is the interest payment?
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