Lab 7-1 Richie's Subprime - 2,389.40 7 14,208.87 12,180.73...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Richie's Subprime Page 1 Richie's Subprime Minimal Down Payment Is Our Goal Price $25,500.00 Rate 15.75% Down Payment $4,000.00 Years 11 Financing Amount $21,500.00 Monthly Payment $343.65 Year 1 $21,500.00 $20,706.84 $793.16 $3,330.61 2 20,706.84 19,779.33 927.51 3,196.26 3 19,779.33 18,694.72 1,084.61 3,039.16 4 18,694.72 17,426.40 1,268.32 2,855.45 5 17,426.40 15,943.24 1,483.15 2,640.62 6 15,943.24 14,208.87 1,734.37
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2,389.40 7 14,208.87 12,180.73 2,028.15 2,095.63 8 12,180.73 9,809.05 2,371.68 1,752.09 9 9,809.05 7,035.65 2,773.40 1,350.37 10 7,035.65 3,792.49 3,243.16 880.61 11 3,792.49 - 3,792.49 331.28 12- - - - 13- - - - 14- - - - 15- - - - Subtotal $21,500.00 $23,861.48 Down Payment $4,000.00 Total Cost $49,361.48 Beginning Balance Ending Balance Paid On Principal Interest Paid...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern