Carani, Alexi Jennica Math 162 HW

De La Pena, Marjolaine Sir Aaron Ramos

Construct the amortization schedule for items 4 and 5. Use exact values, but display
rounded-off to two decimal places.
Item 4.
Period Payment Interest Principal Paid Outstanding Loan
Payment Balance
0 - - - 100000
1 4432.06 500.00 3932.06 96067.94
2 4432.06 480.34 3951.72 92116.22
3 4432.06 460.58 3971.48 88144.74
4 4432.06 440.72 3991.34 84153.40
5 4432.06 420.77 4011.29 80142.11
6 4432.06 400.71 4031.35 76110.76
7 4432.06 380.55 4051.51 72059.25
8 4432.06 360.30 4071.76 67987.48
9 4432.06 339.94 4092.12 63895.36
10 4432.06 319.48 4112.58 59782.78
11 4432.06 298.91 4133.15 55649.63
12 4432.06 278.25 4153.81 51495.82
13 4432.06 257.48 4174.58 47321.23
14 4432.06 236.61 4195.45 43125.78
15 4432.06 215.63 4216.43 38909.35
16 4432.06 194.55 4237.51 34671.83
17 4432.06 173.36 4258.70 30413.13
18 4432.06 152.07 4280.00 26133.14
19 4432.06 130.67 4301.40 21831.74
20 4432.06 109.16 4322.90 17508.84
21 4432.06 87.54 4344.52 13164.32
22 4432.06 65.82 4366.24 8798.08
23 4432.06 43.99 4388.07 4410.01
24 4432.06 22.05 4410.01 0.00

Carani, de la Pena | 1
Item 5.
Period Payment Interest Principal Paid Outstanding Loan
Payment Balance
0 - - - 500000.00
1 20000 7500.00 12500.00 487500.00
2 20000 7312.50 12687.50 474812.50
3 20000 7122.19 12877.81 461934.69
4 20000 6929.02 13070.98 448863.71
5 20000 6732.96 13267.04 435596.66
6 20000 6533.95 13466.05 422130.61
7 20000 6331.96 13668.04 408462.57
8 20000 6126.94 13873.06 394589.51
9 20000 5918.84 14081.16 380508.35
10 20000 5707.63 14292.37 366215.98
11 20000 5493.24 14506.76 351709.22
12 20000 5275.64 14724.36 336984.86
13 20000 5054.77 14945.23 322039.63
14 20000 4830.59 15169.41 306870.22
15 20000 4603.05 15396.95 291473.28
16 20000 4372.10 15627.90 275845.38
17 20000 4137.68 15862.32 259983.06
18 20000 3899.75 16100.25 243882.80
19 20000 3658.24 16341.76 227541.05
20 20000 3413.12 16586.88 210954.16
21 20000 3164.31 16835.69 194118.47
22 20000 2911.78 17088.22 177030.25
23 20000 2655.45 17344.55 159685.70
24 20000 2395.29 17604.71 142080.99
25 20000 2131.21 17868.79 124212.20
26 20000 1863.18 18136.82 106075.39
27 20000 1591.13 18408.87 87666.52
28 20000 1315.00 18685.00 68981.52
29 20000 1034.72 18965.28 50016.24
30 20000 750.24 19249.76 30766.48
31 31227.98 461.50 30766.48 0.00

Carani, de la Pena | 2