Finance solution - Question # 05: Rate 9% Payments...

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Rate 9% Question # 05: Payments Principal portion Markup portion Balance principal -70000 70000 1 709.99 184.99 525 69815.0 2 709.99 186.4 523.6 69628.6 3 709.99 187.8 522.2 69440.9 4 709.99 189.2 520.8 69251.7 5 709.99 190.6 519.4 69061.1 6 709.99 192.0 518.0 68869.0 7 709.99 193.5 516.5 68675.6 8 709.99 194.9 515.1 68480.6 9 709.99 196.4 513.6 68284.3 10 709.99 197.9 512.1 68086.4 11 709.99 199.3 510.6 67887.1 12 709.99 200.8 509.2 67686.2 13 709.99 202.3 507.6 67483.9 14 709.99 203.9 506.1 67280.0 15 709.99 205.4 504.6 67074.6 16 709.99 206.9 503.1 66867.7 17 709.99 208.5 501.5 66659.2 18 709.99 210.0 499.9 66449.2 19 709.99 211.6 498.4 66237.5 20 709.99 213.2 496.8 66024.3 21 709.99 214.8 495.2 65809.5 22 709.99 216.4 493.6 65593.1 23 709.99 218.0 491.9 65375.1 24 709.99 219.7 490.3 65155.4 25 709.99 221.3 488.7 64934.1 26 709.99 223.0 487.0 64711.1 27 709.99 224.7 485.3 64486.4 28 709.99 226.3 483.6 64260.1 29 709.99 228.0 482.0 64032.0 30 709.99 229.7 480.2 63802.3 31 709.99 231.5 478.5 63570.8 32 709.99 233.2 476.8 63337.6 33 709.99 235.0 475.0 63102.7 34 709.99 236.7 473.3 62865.9 35 709.99 238.5 471.5 62627.4 36 709.99 240.3 469.7 62387.2 37 709.99 242.1 467.9 62145.1 38 709.99 243.9 466.1 61901.2 39 709.99 245.7 464.3 61655.4 40 709.99 247.6 462.4
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This note was uploaded on 01/24/2011 for the course BDS 1066 taught by Professor Jon during the Spring '10 term at Bradford School of Business.

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Finance solution - Question # 05: Rate 9% Payments...

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