Face Value

Coupon rate
Annuity
Discount rate
Years

100
0.0475
4.75
3
8

C/r

158.3333

1+r
Power of (1+r)
1/Power (1+r)
1-1/Power (1+r)
(1-1/Power (1+r))
PV(Annuity)
PV of 100

1.03
1.26677
0.789409
0.210591
33.34354
5279.394
78.94092

Bond Value

112.2845

Q: 3
Rate
Time
Annuity
A

0.09
20
25000

PV (Mortgage)
Total Interest Paid in 20 Yrs
Interest Paid in Ist Year
Principal Repaid in Ist Year
20th Year Interest
20st Year Principal

228213.64
271786.36
20539.23
4460.77
2064.22
22935.78

Year

Beginning Bal.
Total Payment Interest Paid
1
228213.64
25000.00
20539.23
2
223752.87
25000.00
20137.76
3
218890.63
25000.00
19700.16
4
213590.78
25000.00
19223.17
5
207813.95
25000.00
18703.26
6
201517.21
25000.00
18136.55
7
194653.76
25000.00
17518.84
8
187172.60
25000.00
16845.53
9
179018.13
25000.00
16111.63
10
170129.76
25000.00
15311.68
11
160441.44
25000.00
14439.73
12
149881.17
25000.00
13489.31
13
138370.48
25000.00
12453.34
14
125823.82
25000.00
11324.14
15
112147.96
25000.00
10093.32
16
97241.28
25000.00
8751.72
17
80993.00
25000.00
7289.37
18
63282.37
25000.00
5695.41
19
43977.78
25000.00
3958.00
20
22935.78
25000.00
2064.22
TOTAL
500000.00
271786.36
B

Rate
Time
Annuity
PV (Mortgage)

0.09
5
25000

5
30000
505654.66

5
35000

Principal Paid Ending Bal.

4460.77
223752.87
4862.24
218890.63
5299.84
213590.78
5776.83
207813.95
6296.74
201517.21
6863.45
194653.76
7481.16
187172.60
8154.47
179018.13
8888.37
170129.76
9688.32
160441.44
10560.27
149881.17
11510.69
138370.48
12546.66
125823.82
13675.86
112147.96
14906.68
97241.28
16248.28
80993.00
17710.63
63282.37
19304.59
43977.78
21042.00
22935.78
22935.78
0.00
228213.64

5
40000

Q5

Period of Notes (Yrs)

Bore Interest
Face Value
Annuity
Tax
P

10
53/8%
150,000,000
10,875,000
35%

0.0725

0.35