spread sheet2 - 44,052 2,802 12,994 737,006 market rate 12%...

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Date Cash Pmt Int exp Amort of disc bal in dis carry amt Face amount 750,000 1/1/2010 23,287 726,713 stated rate 11% 6/30/2010 41,250 43,603 2,353 20,934 729,066 number of yrs 4 12/31/2010 41,250 43,744 2,494 18,440 731,560 payments per year 2 6/30/2011 41,250 43,894 2,644 15,796 734,204 12/31/2011 41,250
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Unformatted text preview: 44,052 2,802 12,994 737,006 market rate 12% 6/30/2012 41,250 44,220 2,970 10,024 739,976 Calculate Cash int pay 41,250 12/31/2012 41,250 44,399 3,149 6,875 743,125 Calculate pv 726,713 6/30/2013 41,250 44,587 3,337 3,538 746,462 12/31/2013 41,250 44,788 3,538 0 750,000...
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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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