Worksheet_ch6_5

Worksheet_ch6_5 - Balance Total Payment Interest Paid...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Year 1 5,000.00 1,509.60 400.00 1,109.60 3,890.40 2 3,890.40 1,509.60 311.23 1,198.37 2,692.03 3 2,692.03 1,509.60 215.36 1,294.24 1,397.79 4 1,397.79 1,509.60 111.82 1,397.78 0.01 Totals 6,038.40 1,038.41 4,999.99 Beginning
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Balance Total Payment Interest Paid Principal Paid Ending Balance Note: The ending balance of .01 is due to rounding. The last payment would actually be 1,509.61....
View Full Document

This note was uploaded on 10/25/2011 for the course ECON 393 taught by Professor D during the Spring '10 term at Rutgers.

Ask a homework question - tutors are online