Problem 14 FM CHP 3

End of Year Installment Payment Annual Interest Principal Payment
1
2
3
pmt IN PVA
0
COL 4 * 10%
COL1 - COL 2
Principal Amount Owing at year End

4
COL 4 - COL 3
184,000
20,271
18,400
1,871
182,129
20,271
18,213
2,058
180,071
20,271
18,007
2,264
177,807
20,271
17,781
2,490
175,317
20,271
17,532
2,739
172,577
20,271
17,258
3,013
169,564
20,271
16,956
3,315
166,250
20,271
16,625
3,646
162,603
20,271
16,260
4,011
158,593
10
20,271
15,859
4,412
154,181
11
20,271
15,418
4,853
149,328
12
20,271
14,933
5,338
143,990
13
20,271
14,399
5,872
138,118
14
20,271
13,812
6,459
131,659
15
20,271
13,166
7,105
124,554
16
20,271
12,455
7,816
116,738
17
20,271
11,674
8,597
108,141
18
20,271
10,814
9,457
98,684
19
20,271
9,868
10,403
88,281
20
20,271
8,828
11,443
76,838
21
20,271
7,684
12,587
64,251
22
20,271
6,425
13,846
50,405
23
20,271
5,041
15,230
35,175
24
20,271
3,518
16,753
18,422
25
TOTALS
20,271
506,775
1,842
322,768
18,429
184,007
(7)

Problem 14 FM CHP 3

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Problem 14 FM CHP 3

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End of Year Installment Payment Annual Interest Principal Payment

Principal Amount Owing at year End

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