Bob Jones bought a new log cabin for $81,000 at 10% Interest for 30 years. Prepare...
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Bob Jones bought a new log cabin for $81,000 at 10% Interest for 30 years. Prepare an amortization schedule for the first three perlods. (Use Table 15.1.) (Do not round Intermedlate calculations. Round your final answers to the nearest cent.) Portion to Payment Number Balance of loan outstanding Interest Principal 1 2. 3. TABLE 15-1 Amortization table (mortgage principal and Interest per $1,000 INTEREST Term in years 31% 5% 6% 61% 7% 71% 8% 9% 9% 10% 10% 11% 10 9,89 10.61 10 86 11.11 11.36 11.62 11,88 12.14 12.40 12.67 12.94 13.22 13.50 13,78 12 8.52 025 9.51 976 10.02 10.29 10.56 10.83 11.11 1167 11.39 11.96 12.25 12.54 15 7.15 7.91 8.18 8.44 8.72 8.99 9.28 9.56 9.85 10.15 10.45 10.75 11.06 11.37 17 6.52 7.29 7.56 7.84 8.12 8.40 8,69 8,99 9.29 9.59 9.90 10,22 10,54 10.86 20 580 6.60 6.88 7.17 7.46 776 8.06 8.37 868 9.00 9.33 9,66 999 10,33 22 5.44 6.20 6,51 6.82 7.13 7.44 7.75 8.07 8.39 9.73 8.72 9.05 9,39 10.08 25 5.01 5.85 6.15 6.45 6.76 7.07 7/39 7.72 8 06 9.09 8.40 8.74 945 9.81 30 4.50 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 841 8,78 9.15 9.53 35 3.99 5,05 5.38 5.71 6.05 6.39 6.75 711 7.47 7.84 8.22 8.60 8.99 937 Bob Jones bought a new log cabin for $81,000 at 10% Interest for 30 years. Prepare an amortization schedule for the first three perlods. (Use Table 15.1.) (Do not round Intermedlate calculations. Round your final answers to the nearest cent.) Portion to Payment Number Balance of loan outstanding Interest Principal 1 2. 3. TABLE 15-1 Amortization table (mortgage principal and Interest per $1,000 INTEREST Term in years 31% 5% 6% 61% 7% 71% 8% 9% 9% 10% 10% 11% 10 9,89 10.61 10 86 11.11 11.36 11.62 11,88 12.14 12.40 12.67 12.94 13.22 13.50 13,78 12 8.52 025 9.51 976 10.02 10.29 10.56 10.83 11.11 1167 11.39 11.96 12.25 12.54 15 7.15 7.91 8.18 8.44 8.72 8.99 9.28 9.56 9.85 10.15 10.45 10.75 11.06 11.37 17 6.52 7.29 7.56 7.84 8.12 8.40 8,69 8,99 9.29 9.59 9.90 10,22 10,54 10.86 20 580 6.60 6.88 7.17 7.46 776 8.06 8.37 868 9.00 9.33 9,66 999 10,33 22 5.44 6.20 6,51 6.82 7.13 7.44 7.75 8.07 8.39 9.73 8.72 9.05 9,39 10.08 25 5.01 5.85 6.15 6.45 6.76 7.07 7/39 7.72 8 06 9.09 8.40 8.74 945 9.81 30 4.50 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 841 8,78 9.15 9.53 35 3.99 5,05 5.38 5.71 6.05 6.39 6.75 711 7.47 7.84 8.22 8.60 8.99 937
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Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
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