Liabilities

Liabilities - Principal and Interest Paid in a Single...

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Unformatted text preview: Principal and Interest Paid in a Single Amount (COMPOUND INTEREST) Date Cash In (Out)10% Interest EChange in BalanBalance Owed on Loan 1/1/2008 $100,000 $100,000 $100,000 12/31/2008 $10,000.00 $10,000.00 $110,000 12/31/2009 $11,000.00 $11,000.00 $121,000 12/31/2010 $12,100.00 $12,100.00 $133,100 12/31/2010 $(133,100) $(133,100) $- Total ($33,100) $33,100.00 Annual Interest rate 10.00% http://office.microsoft.com/en-us/excel/HA011117451033.aspx Three Equal Year-End Payments (ANNUITY) Date Cash In (Out) 10% Interest ExpenseChange in Balance OwedBalance Owed on Loan 1/1/2008 $100,000 $100,000 $100,000 12/31/2008 ($40,211.48) $10,000.00 ($30,211.48) $69,789 12/31/2009 ($40,211.48) $6,978.85 ($33,232.63) $36,556 12/31/2010 ($40,211.48) $3,655.59 ($36,555.89) $- 12/31/2010 $(20,634) $20,634.44 $- Annual Interest rate 10.00% Annual Interest Payment and Single Principle at End Date Cash In (Out)10% Interest EChange in BaBalance Owed on Loan 1/1/2008...
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This note was uploaded on 10/25/2011 for the course BUS 214 taught by Professor Waker during the Fall '08 term at Cal Poly.

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Liabilities - Principal and Interest Paid in a Single...

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