Lab2_Ramirez - 25 Loan Statistics Number of Loans 9 $609,582.40 $84,363.75 $2,749,004.60 Todays Date Required for Down Payment Highest Amount

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First National Bank - New Loans Creator Jaime Ramirez Date 5/13/2011 Porpuse Prepare a loan report
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First National Bank - New Loans Customer Selling Price Loan Term Interest Rate Down Payment Amount to be Financed Monthly Payment Allen 265354 30 6.25% $66,338.50 $199,015.50 $1,219.02 Arnold 328788 15 5.75% $49,318.20 $279,469.80 $2,309.68 Barber 500000 15 5.75% $75,000.00 $425,000.00 $3,512.41 Bollis 112485 30 6.25% $28,121.25 $84,363.75 $516.75 George 350000 30 6.25% $87,500.00 $262,500.00 $1,607.88 Hood 761978 20 6.00% $152,395.60 $609,582.40 $4,345.51 Morgan 192940 15 5.75% $28,941.00 $163,999.00 $1,355.37 Paul 606563 20 6.00% $121,312.60 $485,250.40 $3,459.19 Pinder 319765 30 6.25% $79,941.25 $239,823.75 $1,468.99 Loan Term Interest Rate 15 5.75% 15% 20 6.00% 20% 30 6.25%
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Unformatted text preview: 25% Loan Statistics Number of Loans 9 $609,582.40 $84,363.75 $2,749,004.60 Todays Date 5/29/2011 % Required for Down Payment Highest Amount Financed Lowest Amount Financed Total Amount Financed Interative loan calculator Please provide the following information What is the price of the home? $75,000 How much additional money will you put down? $0 Will you make payments in the beginning of the month? N Base on the information above, your loan options are: Years Interest rate 15 5.75% 15% $63,750 $529.39 20 6.00% 20% $60,000 $429.86 30 6.25% 25% $56,250 $346.34 Down payment Month finance Montly payment...
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This note was uploaded on 05/29/2011 for the course ACCT 212 taught by Professor Starcher during the Spring '11 term at DeVry Fresno.

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Lab2_Ramirez - 25 Loan Statistics Number of Loans 9 $609,582.40 $84,363.75 $2,749,004.60 Todays Date Required for Down Payment Highest Amount

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