Unformatted text preview: B 168 $147 , 886 B 228 $115 , 752 B 288 $72 , 407 B 348 $13 , 943 B 60 $186 , 248 B 120 $167 , 497 B 180 $142 , 204 B 240 $108 , 088 B 300 $62 , 071 B 360 $0 B B 12 ± ± B 24 ± ± B 36 ± ± B 48 ± ± B 60 ± ± B 72 ± ± B 84 ± ± B 96 ± ± B 108 ± ± B 120 ± ± B 132 ± ± B 144 ± ± B 156 ± ± B 168 ± ± B 180 ± ± B 192 ± ± B 204 ± ± B 216 ± ± B 228 ± ± B 240 ± ± B 252 ± ± B 264 ± ± B 276 ± ± B 288 ± ± B 300 ± ± B 312 ± ± B 324 ± ± B 336 ± ± B 348 ± ± B 360 ± ± ² ² ³ ³ $0 $250 $500 $750 $1,000 $1,250 $1,200 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $240,000 $711 interest in the 181st payment $489 debt reduction in the 181st payment ± ± ± ± ± ± ± ± The bottom line in this Fgure represents a single payment and can be used to visualize how much of each payment goes to pay the interest and how much is used to reduce the debt. This division for the 181st payment is illustrated....
View
Full
Document
 Fall '09
 NA

Click to edit the document details