Jennifer Johnson296_Unit_4_DS Project

Jennifer Johnson296_Unit_4_DS Project - 36,428.36 8,637.34...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Unit 4 DS Unit 4 Distingueshed Scholar Project 1 2 3 Year Rate Beginning Amount 1.00 6.0% 150,000.00 2.00 7.0% 123,390.54 3.00 8.0% 95,599.52 4.00 9.0% 5.00 10.0% Fixed Rate Comparison space …. Here we will calculate and compare the total cost of Year Beginning Principal 1 - 6% 150,000.00 2 - 7% 123,479.52 3 - 8% 95,762.61 4 - 9% 66,350.50 5 - 10% 34,661.51 Total Payments John's Fixed Rate Loan 7.50% Principal Interest 150,000.00 30,341.54
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Shedule Computed With an ARM 4 5 Payment Interest R 35,609.46 9,000.00
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 36,428.36 8,637.34 f a fixed rate mortgage. Interest Principal Total Payments End Principal 8,278.56 26,520.48 34,779.04 123,479.52 7,765.53 27,716.91 35,482.44 95,762.61 6,598.08 29,412.12 36,010.20 66,350.50 4,685.53 31,688.99 36,374.52 34,661.51 1,906.06 34,661.54 36,567.60 0.00 179,213.80 Better Deal Total Payments 180,341.54 6 7 Repayment of Principal Ending Balance 26,609.46 123,390.54 27,791.02 95,599.52...
View Full Document

This note was uploaded on 04/19/2011 for the course MT 217 taught by Professor Finance during the Spring '11 term at Kaplan University.

Page1 / 3

Jennifer Johnson296_Unit_4_DS Project - 36,428.36 8,637.34...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online