Project 7 Josh Nolan - Richie's Subprime Minimal Down...

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Page Richie's Subprime Minimal Down Payment Is Our Goal Price $50,000.00 Rate 9.25% Down Payment $2,500.00 Years 10 Financing Amount $47,500.00 Monthly Payment $608.16 Year 1 $47,500.00 $44,469.54 $3,030.46 $4,267.41 2 44,469.54 41,146.57 3,322.97 3,974.90 3 41,146.57 37,502.86 3,643.72 3,654.15 4 37,502.86 33,507.44 3,995.42 3,302.44 5 33,507.44 29,126.36 4,381.08 2,916.79 6 29,126.36 24,322.40 4,803.96 2,493.91 7 24,322.40 19,054.75 5,267.65 2,030.21 8 19,054.75 13,278.64 5,776.11 1,521.75 9 13,278.64 6,944.99 6,333.64 964.22 10 6,944.99 - 6,944.99 352.87 11 - - - - 12 - - - - 13 - - - - 14 - - - - 15 - - - - Subtotal $47,500.00 $25,478.65 Down Payment $2,500.00 Total Cost $75,478.65 Beginning Balance Ending Balance Paid On Principal Interest Paid
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Data Set A Page 2 Richie's Subprime Minimal Down Payment Is Our Goal Price $45,000.00 Rate 8.75% Down Payment $3,500.00 Years 6 Financing Amount $41,500.00 Monthly Payment $742.92 Year 1 $41,500.00 $35,999.06 $5,500.94 $3,414.11 2 35,999.06 29,997.01
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This note was uploaded on 05/19/2011 for the course NETWORKING IT 273 taught by Professor Edwardswalcott during the Spring '11 term at Kaplan University.

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Project 7 Josh Nolan - Richie's Subprime Minimal Down...

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