1: Set Up An Amortization Schedule For A $25,000 Loan To

PVA:
Years (n):
Interest:

Years

$25,000
5
10%
$6,594.94
Opening Balance
1
$25,000.00
2
$20,905.06
3
$16,400.63
4
$11,445.76
5
$5,995.40

Installment
$6,594.94
$6,594.94
$6,594.94
$6,594.94
$6,594.94

For A $25,000 Loan To Be Repaid In Equal Installments At The End Of Each Of The Next 5 Ye

Interest
$2,500.00
$2,090.51
$1,640.06
$1,144.58
$599.54

Principal
Ending Balance
$4,094.94
$20,905.06
$4,504.43
$16,400.63
$4,954.87
$11,445.76
$5,450.36
$5,995.40
$5,995.40
$0.00

Each Of The Next 5 Years. The Interest Rate Is 10%.

2: How Large Must Each Annual Payment Be If The Loan Is For $

PVA:
Years (n):
Interest:

Years

$50,000
5
10%
$13,189.87
Opening Balance
1
$50,000.00
2
$41,810.13
3
$32,801.26
4
$22,891.52
5
$11,990.79

Installment
$13,189.87
$13,189.87
$13,189.87
$13,189.87
$13,189.87

Be If The Loan Is For $50,000? Assume That The Interest Rate Remains At 10% And That The

Interest
$5,000.00
$4,181.01
$3,280.13
$2,289.15
$1,199.08

Principal
Ending Balance
$8,189.87
$41,810.13
$9,008.86
$32,801.26
$9,909.75
$22,891.52
$10,900.72
$11,990.79
$11,990.79
$0.00

s At 10% And That The Loan Is Still Paid Off Over 5 Years.

3: How Large Must Each Payment Be If The Loan Is For $50,000, Th

PVA:
Years (n):
Interest:

Years

$50,000
10
10%
$8,137.27
Opening Balance
1
$50,000.00
2
$46,862.73
3
$43,411.73
4
$39,615.64
5
$35,439.93
6
$30,846.65
7
$25,794.05
8
$20,236.19
9
$14,122.53
10
$7,397.52

Installment
$8,137.27
$8,137.27
$8,137.27
$8,137.27
$8,137.27
$8,137.27
$8,137.27
$8,137.27
$8,137.27
$8,137.27

e Loan Is For $50,000, The Interest Rate Is 10%, And The Loan Paid Off In Equal Installments At The

Interest
$5,000.00
$4,686.27
$4,341.17
$3,961.56
$3,543.99
$3,084.67
$2,579.41
$2,023.62
$1,412.25
$739.75

Principal
Ending Balance
$3,137.27
$46,862.73
$3,451.00
$43,411.73
$3,796.10
$39,615.64
$4,175.71
$35,439.93
$4,593.28
$30,846.65
$5,052.60
$25,794.05
$5,557.86
$20,236.19
$6,113.65
$14,122.53
$6,725.02
$7,397.52
$7,397.52
$0.00

ual Installments At The End Of Each Of The Next 10 Years?