spread sheet - 426 2,707 61,218 16 3,134 408 2,726 58,492...

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Principal amount of the note 100,000 Pmt. # Cash Payment Interest Expense Reduction of PR Balance of note annual interest rate 8% 100,000 number of years 3 1 3,134 667 2,467 97,533 number of periods 36 2 3,134 650 2,483 95,050 3 3,134 634 2,500 92,550 Monthly payment ($3,133.64) 4 3,134 617 2,517 90,033 5 3,134 600 2,533 87,500 6 3,134 583 2,550 84,949 7 3,134 566 2,567 82,382 8 3,134 549 2,584 79,798 9 3,134 532 2,602 77,196 10 3,134 515 2,619 74,577 11 3,134 497 2,636 71,940 12 3,134 480 2,654 69,286 13 3,134 462 2,672 66,615 14 3,134 444 2,690 63,925 15 3,134
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Unformatted text preview: 426 2,707 61,218 16 3,134 408 2,726 58,492 17 3,134 390 2,744 55,748 18 3,134 372 2,762 52,986 19 3,134 353 2,780 50,206 20 3,134 335 2,799 47,407 21 3,134 316 2,818 44,590 22 3,134 297 2,836 41,753 23 3,134 278 2,855 38,898 24 3,134 259 2,874 36,024 25 3,134 240 2,893 33,130 26 3,134 221 2,913 30,217 27 3,134 201 2,932 27,285 28 3,134 182 2,952 24,333 29 3,134 162 2,971 21,362 30 3,134 142 2,991 18,371 31 3,134 122 3,011 15,360 32 3,134 102 3,031 12,328 33 3,134 82 3,051 9,277 34 3,134 62 3,072 6,205 35 3,134 41 3,092 3,113 36 3,134 21 3,113 (0)...
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This note was uploaded on 02/11/2012 for the course BUSINESS 130 taught by Professor Mccormack during the Spring '10 term at Berea.

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