ch7p10-amortization_schedules-13th_Ed

ch7p10-amortization_schedules-13th_Ed - 04/01/11 $9,566...

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Amortization Schedules for Problem 7-10 Note #1 Date Payment Interest Principal Balance 05/01/09 $1,500,000 05/01/10 $635,000 $135,000 ($500,000) $1,000,000 05/01/11 $590,000 $90,000 ($500,000) $500,000 05/01/12 $545,000 $45,000 ($500,000) $0 Note #2 Date Payment Interest Principal Balance 12/31/09 $400,000 12/31/10 $32,000 $32,000 $0 $400,000 12/31/11 $32,000 $32,000 $0 $400,000 12/31/12 $32,000 $32,000 $0 $400,000 12/31/12 $400,000 ($400,000) $0 Note #3 Date Payment Interest Principal Balance 04/01/10 $79,719
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Unformatted text preview: 04/01/11 $9,566 $9,566 $89,285 04/01/12 $10,715 $10,715 $100,000 04/01/12 $100,000 ($100,000) $0 Note #4 Date Payment Interest Principal Balance 07/01/10 $140,000 07/01/11 $45,125 $15,400 ($29,725) $110,275 07/01/12 $45,125 $12,130 ($32,995) $77,280 07/01/13 $45,125 $8,501 ($36,624) $40,656 07/01/14 $45,125 $4,469 ($40,656) $0 B C D E F 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34...
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