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

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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
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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...
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This note was uploaded on 04/14/2011 for the course GENERAL 1020 taught by Professor Mikecooper during the Spring '11 term at University of Minnesota Duluth.

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