Excel assignment _xiaoqiao Wang

# Excel assignment _xiaoqiao Wang - Loan Amortization Input...

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Student Name Problem 1 af9c3e237c7d74827400fc5ab2da69b721e5e893.xlsx Loan Amortization Input Area 2 Amount \$900,000.00 Principle \$1,000,000.00 Years of payment 2 Interest rate per month 0.67% # of payment 24 # of Years in Loan 20 APR 4% # of Payments Per Year 12 Monthly interest rate 0.33% # of payment 240 Monthly payment (\$39,082.43) Monthly Payment (\$8,364.40) Present Value \$974,828.66 Period Payment Interest Payment 1 (\$8,364.40) (\$1,697.73) (\$6,666.67) \$1,000,000.00 \$998,302.27 2 (\$8,364.40) (\$1,709.05) (\$6,655.35) \$998,302.27 \$996,593.21 3 Amount \$1,000,000.00 3 (\$8,364.40) (\$1,720.45) (\$6,643.95) \$996,593.21 \$994,872.77 Years of payment 4 4 (\$8,364.40) (\$1,731.92) (\$6,632.49) \$994,872.77 \$993,140.85 # of payment 8 5 (\$8,364.40) (\$1,743.46) (\$6,620.94) \$993,140.85 \$991,397.39 Each payment \$150,000.00 6 (\$8,364.40) (\$1,755.08) (\$6,609.32) \$991,397.39 \$989,642.31 7 (\$8,364.40) (\$1,766.79) (\$6,597.62) \$989,642.31 \$987,875.52 Annual Interest rate 8.48% 8 (\$8,364.40) (\$1,778.56) (\$6,585.84) \$987,875.52 \$986,096.96 9 (\$8,364.40) (\$1,790.42) (\$6,573.98) \$986,096.96 \$984,306.54 10 (\$8,364.40) (\$1,802.36) (\$6,562.04) \$984,306.54 \$982,504.18 11 (\$8,364.40) (\$1,814.37) (\$6,550.03) \$982,504.18 \$980,689.81 12 (\$8,364.40) (\$1,826.47) (\$6,537.93) \$980,689.81 \$978,863.34 13 (\$8,364.40) (\$1,838.65) (\$6,525.76) \$978,863.34 \$977,024.69 14 (\$8,364.40) (\$1,850.90) (\$6,513.50) \$977,024.69 \$975,173.79 15 (\$8,364.40) (\$1,863.24) (\$6,501.16) \$975,173.79 \$973,310.55 16 (\$8,364.40) (\$1,875.66) (\$6,488.74) \$973,310.55 \$971,434.88 17 (\$8,364.40) (\$1,888.17) (\$6,476.23) \$971,434.88 \$969,546.72 18 (\$8,364.40) (\$1,900.76) (\$6,463.64) \$969,546.72 \$967,645.96 19 (\$8,364.40) (\$1,913.43) (\$6,450.97) \$967,645.96 \$965,732.53 20 (\$8,364.40) (\$1,926.18) (\$6,438.22) \$965,732.53 \$963,806.35 21 (\$8,364.40) (\$1,939.03) (\$6,425.38) \$963,806.35 \$961,867.32 22 (\$8,364.40) (\$1,951.95) (\$6,412.45) \$961,867.32 \$959,915.37 23 (\$8,364.40) (\$1,964.96) (\$6,399.44) \$959,915.37 \$957,950.41 24 (\$8,364.40) (\$1,978.06) (\$6,386.34) \$957,950.41 \$955,972.34 25 (\$8,364.40) (\$1,991.25) (\$6,373.15) \$955,972.34 \$953,981.09 26 (\$8,364.40) (\$2,004.53) (\$6,359.87) \$953,981.09 \$951,976.56 27 (\$8,364.40) (\$2,017.89) (\$6,346.51) \$951,976.56 \$949,958.67 28 (\$8,364.40) (\$2,031.34) (\$6,333.06) \$949,958.67 \$947,927.33 29 (\$8,364.40) (\$2,044.89) (\$6,319.52) \$947,927.33 \$945,882.44 30 (\$8,364.40) (\$2,058.52) (\$6,305.88) \$945,882.44 \$943,823.93 31 (\$8,364.40) (\$2,072.24) (\$6,292.16) \$943,823.93 \$941,751.69 32 (\$8,364.40) (\$2,086.06) (\$6,278.34) \$941,751.69 \$939,665.63 33 (\$8,364.40) (\$2,099.96) (\$6,264.44) \$939,665.63 \$937,565.67 34 (\$8,364.40) (\$2,113.96) (\$6,250.44) \$937,565.67 \$935,451.70 35 (\$8,364.40) (\$2,128.06) (\$6,236.34) \$935,451.70 \$933,323.65 36 (\$8,364.40) (\$2,142.24) (\$6,222.16) \$933,323.65 \$931,181.40 37 (\$8,364.40) (\$2,156.52) (\$6,207.88) \$931,181.40 \$929,024.88 38 (\$8,364.40) (\$2,170.90) (\$6,193.50) \$929,024.88 \$926,853.98 39 (\$8,364.40) (\$2,185.37) (\$6,179.03) \$926,853.98 \$924,668.60 40

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## This note was uploaded on 11/24/2011 for the course BUS 301 taught by Professor Karake during the Fall '11 term at Maryland.

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Excel assignment _xiaoqiao Wang - Loan Amortization Input...

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