8000

36

0.01

principal

rate/month

year

beginning balance

payment

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

8000
7814.285521
7626.713898
7437.266559
7245.924746
7052.669515
6857.481731
6660.34207
6461.231012
6260.128844
6057.015654
5851.871332
5644.675567
5435.407844
5224.047444
5010.57344
4794.964696
4577.199864
4357.257384
4135.11548
3910.752156
3684.145199
3455.272172
3224.110416
2990.637041
2754.828933
2516.662744
2276.114893
2033.161563
1787.778701
1539.942009
1289.626951
1036.808742
781.4623506
523.5624956
263.0836421

265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785
265.7144785

interest paid
80
78.14285521
76.26713898
74.37266559
72.45924746
70.52669515
68.57481731
66.6034207
64.61231012
62.60128844
60.57015654
58.51871332
56.44675567
54.35407844
52.24047444
50.1057344
47.94964696
45.77199864
43.57257384
41.3511548
39.10752156
36.84145199
34.55272172
32.24110416
29.90637041
27.54828933
25.16662744
22.76114893
20.33161563
17.87778701
15.39942009
12.89626951
10.36808742
7.814623506
5.235624956
2.630836421

principal
n
rate/year
184000
25
0.1
period
beginning balance
total payment
interest paid
1
184000
20270.92528
2
182129.0747
20270.92528
3
180071.0569
20270.92528
4
177807.2373
20270.92528
5
175317.0358
20270.92528
6
172577.8141
20270.92528
7
169564.6702
20270.92528
8
166250.2119
20270.92528
9
162604.3078
20270.92528
10
158593.8133
20270.92528
11
154182.2694
20270.92528
12
149329.571
20270.92528
13
143991.6028
20270.92528
14
138119.8378
20270.92528
15
131660.8963
20270.92528
16
124556.0607
20270.92528
17
116740.7415
20270.92528
18
108143.8903
20270.92528
19
98687.3541
20270.92528
20
88285.16423
20270.92528
21
76842.75537
20270.92528
22
64256.10562
20270.92528
23
50410.7909
20270.92528
24
35180.94471
20270.92528
25
18428.11389
20270.92528

18400
18212.90747
18007.10569
17780.72373
17531.70358
17257.78141
16956.46702
16625.02119
16260.43078
15859.38133
15418.22694
14932.9571
14399.16028
13811.98378
13166.08963
12455.60607
11674.07415
10814.38903
9868.73541
8828.516423
7684.275537
6425.610562
5041.07909
3518.094471
1842.811389

principal paid

ending balance
185.7144785
187.5716233
189.4473395
191.3418129
193.255231
195.1877834
197.1396612
199.1110578
201.1021684
203.1131901
205.144322
207.1957652
209.2677228
211.3604001
213.4740041
215.6087441
217.7648315
219.9424799
222.1419047
224.3633237
226.6069569
228.8730265
231.1617568
233.4733743
235.8081081
238.1661892
240.5478511
242.9533296
245.3828629
247.8366915
250.3150584
252.818209
255.3463911
257.899855
260.4788535
263.0836421

7814.285521
7626.713898
7437.266559
7245.924746
7052.669515
6857.481731
6660.34207
6461.231012
6260.128844
6057.015654
5851.871332
5644.675567
5435.407844
5224.047444
5010.57344
4794.964696
4577.199864
4357.257384
4135.11548
3910.752156
3684.145199
3455.272172
3224.110416
2990.637041
2754.828933
2516.662744
2276.114893
2033.161563
1787.778701
1539.942009
1289.626951
1036.808742
781.4623506
523.5624956
263.0836421
0.000

principal paid
1870.925283
2058.017811
2263.819592
2490.201552
2739.221707
3013.143877
3314.458265
3645.904092
4010.494501
4411.543951
4852.698346
5337.968181
5871.764999
6458.941499
7104.835649
7815.319213
8596.851135
9456.536248
10402.18987
11442.40886
12586.64975
13845.31472
15229.84619
16752.83081
18428.11389

ending balance
182129.0747
180071.0569
177807.2373
175317.0358
172577.8141
169564.6702
166250.2119
162604.3078
158593.8133
154182.2694
149329.571
143991.6028
138119.8378
131660.8963
124556.0607
116740.7415
108143.8903
98687.3541
88285.16423
76842.75537
64256.10562
50410.7909
35180.94471
18428.11389
0.0000

loan
36000
interest rate/year
15%
interest rate/month
0.0125
total no of payments
120

period

beginning balance total payment

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

36000
35869.19415
35736.75324
35602.65681
35466.88417
35329.41438
35190.22621
35049.29819
34906.60858
34762.13534
34615.85618
34467.74854
34317.78955
34165.95608
34012.22468
33856.57164
33698.97294
33539.40426
33377.84097
33214.25814
33048.63052
32880.93255
32711.13836
32539.22175
32365.15617
32188.91478
32010.47037
31829.7954
31646.862
31461.64193
31274.10661
31084.2271
30891.97409
30697.31792

580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455

interest paid
450
448.3649269
446.7094154
445.0332101
443.3360521
441.6176797
439.8778276
438.1162274
436.3326072
434.5266917
432.6982023
430.8468568
428.9723694
427.0744509
425.1528085
423.2071456
421.2371618
419.2425533
417.2230121
415.1782267
413.1078815
411.0116569
408.8892295
406.7402718
404.5644522
402.3614348
400.1308796
397.8724426
395.585775
393.2705241
390.9263326
388.5528387
386.1496761
383.716474

principal paid
130.8058455
132.4409185
134.09643
135.7726354
137.4697933
139.1881658
140.9280178
142.689618
144.4732383
146.2791538
148.1076432
149.9589887
151.8334761
153.7313945
155.653037
157.5986999
159.5686837
161.5632922
163.5828334
165.6276188
167.697964
169.7941886
171.9166159
174.0655736
176.2413933
178.4444107
180.6749658
182.9334029
185.2200705
187.5353213
189.8795128
192.2530068
194.6561693
197.0893715

35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

30500.22855
30300.67556
30098.62816
29894.05517
29686.92501
29477.20573
29264.86495
29049.86992
28832.18745
28611.78395
28388.6254
28162.67737
27933.90499
27702.27296
27467.74553
27230.2865
26989.85924
26746.42663
26499.95112
26250.39466
25997.71875
25741.88439
25482.8521
25220.5819
24955.03333
24686.1654
24413.93663
24138.30499
23859.22796
23576.66246
23290.56489
23000.89111
22707.5964
22410.63551
22109.96261
21805.5313
21497.29459
21185.20493
20869.21415
20549.27348
20225.33355
19897.34438
19565.25534
19229.01518
18888.57203
18543.87333
18194.8659

580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455

381.2528569
378.7584445
376.232852
373.6756896
371.0865626
368.4650716
365.8108119
363.123374
360.4023431
357.6472993
354.8578175
352.0334672
349.1738124
346.278412
343.3468191
340.3785813
337.3732405
334.3303329
331.249389
328.1299333
324.9714844
321.7735549
318.5356512
315.2572738
311.9379167
308.5770676
305.1742078
301.7288124
298.2403494
294.7082807
291.1320612
287.5111389
283.844955
280.1329439
276.3745326
272.5691412
268.7161824
264.8150616
260.8651768
256.8659185
252.8166694
248.7168047
244.5656917
240.3626898
236.1071503
231.7984166
227.4358238

199.5529886
202.047401
204.5729935
207.1301559
209.7192828
212.3407739
214.9950335
217.6824715
220.4035024
223.1585461
225.948028
228.7723783
231.632033
234.5274335
237.4590264
240.4272642
243.432605
246.4755126
249.5564565
252.6759122
255.8343611
259.0322906
262.2701942
265.5485717
268.8679288
272.2287779
275.6316376
279.0770331
282.565496
286.0975647
289.6737843
293.2947066
296.9608904
300.6729016
304.4313128
308.2367042
312.089663
315.9907838
319.9406686
323.939927
327.9891761
332.0890408
336.2401538
340.4431557
344.6986951
349.0074288
353.3700217

82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

17841.49588
17483.70873
17121.44925
16754.66152
16383.28894
16007.27421
15626.55929
15241.08543
14850.79316
14455.62223
14055.51166
13650.39971
13240.22386
12824.92081
12404.42648
11978.67596
11547.60357
11111.14277
10669.2262
10221.78569
9768.752163
9310.055719
8845.62557
8375.390044
7899.276574
7417.211686
6929.120987
6434.929154
5934.559923
5427.936076
4914.979432
4395.610829
3869.750119
3337.31615
2798.226756
2252.398745
1699.747884
1140.188887
573.6354029

580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455
580.8058455

223.0186985
218.5463592
214.0181156
209.433269
204.7911118
200.0909276
195.3319911
190.5135679
185.6349145
180.6952778
175.6938957
170.6299964
165.5027982
160.3115102
155.055331
149.7334495
144.3450446
138.8892846
133.3653276
127.7723211
122.109402
116.3756965
110.5703196
104.6923756
98.74095718
92.71514608
86.61401233
80.43661442
74.18199903
67.84920095
61.4372429
54.94513536
48.37187649
41.71645187
34.97783445
28.15498432
21.24684855
14.25236109
7.170442537

357.787147
362.2594863
366.7877299
371.3725765
376.0147337
380.7149179
385.4738544
390.2922775
395.170931
400.1105676
405.1119497
410.1758491
415.3030472
420.4943353
425.7505145
431.0723959
436.4608009
441.9165609
447.4405179
453.0335244
458.6964434
464.430149
470.2355258
476.1134699
482.0648883
488.0906994
494.1918331
500.369231
506.6238464
512.9566445
519.3686026
525.8607101
532.433969
539.0893936
545.828011
552.6508612
559.5589969
566.5534844
573.6354029

ending balance
35869.19415
35736.75324
35602.65681
35466.88417
35329.41438
35190.22621
35049.29819
34906.60858
34762.13534
34615.85618
34467.74854
34317.78955
34165.95608
34012.22468
33856.57164
33698.97294
33539.40426
33377.84097
33214.25814
33048.63052
32880.93255
32711.13836
32539.22175
32365.15617
32188.91478
32010.47037
31829.7954
31646.862
31461.64193
31274.10661
31084.2271
30891.97409
30697.31792
30500.22855

interest paid for the car loan after 5 years = 33696.70146

monthly payment= 580.8058
quarterly payment=17420418
semi annually= 3484.835

30300.67556
30098.62816
29894.05517
29686.92501
29477.20573
29264.86495
29049.86992
28832.18745
28611.78395
28388.6254
28162.67737
27933.90499
27702.27296
27467.74553
27230.2865
26989.85924
26746.42663
26499.95112
26250.39466
25997.71875
25741.88439
25482.8521
25220.5819
24955.03333
24686.1654
24413.93663
24138.30499
23859.22796
23576.66246
23290.56489
23000.89111
22707.5964
22410.63551
22109.96261
21805.5313
21497.29459
21185.20493
20869.21415
20549.27348
20225.33355
19897.34438
19565.25534
19229.01518
18888.57203
18543.87333
18194.8659
17841.49588

17483.70873
17121.44925
16754.66152
16383.28894
16007.27421
15626.55929
15241.08543
14850.79316
14455.62223
14055.51166
13650.39971
13240.22386
12824.92081
12404.42648
11978.67596
11547.60357
11111.14277
10669.2262
10221.78569
9768.752163
9310.055719
8845.62557
8375.390044
7899.276574
7417.211686
6929.120987
6434.929154
5934.559923
5427.936076
4914.979432
4395.610829
3869.750119
3337.31615
2798.226756
2252.398745
1699.747884
1140.188887
573.6354029
0.000

5 years = 33696.70146

i)

FV of annuity
annual interest rate
monthly interest rate
monthly time period
Discount factor
Monthly payments

ii)
FVof annuity
annual interest rate
years
Discount factor
Annual Payments

1000000.00
0.06
0.005
480
1991.490734
502.136406

1000000
1.08
40
4.88776E+12
0.00000020459

loan
interest rate
200000

period
1
2
3
4
5

total no of payments
0.15
5

beginning balance total payment

interest paid
200000
70000
160000
70000
120000
70000
80000
70000
40000
70000

30000
30000
30000
30000
30000

principal paid
40000
40000
40000
40000
40000

ending balance
160000
120000
80000
40000
0

$42,443.05

period

beginning balance
1
2
3
4
5
6
7

199999.9817
$179,556.93
$156,865.14
$131,677.26
$103,718.71
$72,684.71
$38,236.98

0.11

199999.9817

total payment
interest paid
$42,443.05
21999.99798
$42,443.05
19751.26226
$42,443.05
17255.16561
$42,443.05
14484.49833
$42,443.05
11409.05764
$42,443.05
7995.318485
$42,443.05
4206.068018

principal paid
ending balance
$20,443.05
$179,556.93
$22,691.79
$156,865.14
$25,187.88
$131,677.26
$27,958.55
$103,718.71
$31,033.99
$72,684.71
$34,447.73
$38,236.98
$38,236.98
$0.00

200000

period
1
2
3
4
5

54114.06

0.11

beginning balance
total payment interest paid
principal paid
ending balance
200000
54114.0619
22000
32114.0619
167885.9381
167885.9381
54114.0619
18467.45319 35646.60871
132239.3294
132239.3294
54114.0619
14546.32623 39567.73567
92671.59371
92671.59371
54114.0619
10193.87531 43920.18659
48751.40712
48751.40712
54114.0619
5362.654783 48751.40712
0.000

200000
42443.05
0.11
21
principal
yearly payments
rate/year
n
Column1
Column2
Column3
Column4
Column5
period
beginning balance
total payment
interest paid
principal paid
1
200000
24767.586
22000
2767.586001
2
197232.414
24767.586
21695.56554
3072.020461
3
194160.3935
24767.586
21357.64329
3409.942712
4
190750.4508
24767.586
20982.54959
3785.03641
5
186965.4144
24767.586
20566.19559
4201.390415
6
182764.024
24767.586
20104.04264
4663.543361
7
178100.4806
24767.586
19591.05287
5176.53313
8
172923.9475
24767.586
19021.63423
5745.951775
9
167177.9957
24767.586
18389.57953
6378.00647
10
160799.9893
24767.586
17687.99882
7079.587181
11
153720.4021
24767.586
16909.24423
7858.341771
12
145862.0603
24767.586
16044.82663
8722.759366
13
137139.3009
24767.586
15085.3231
9682.262896
14
127457.0381
24767.586
14020.27419
10747.31182
15
116709.7262
24767.586
12838.06989
11929.51611
16
104780.2101
24767.586
11525.82311
13241.76289
17
91538.44723
24767.586
10069.2292
14698.3568
18
76840.09043
24767.586
8452.409947
16315.17605
19
60524.91438
24767.586
6657.740581
18109.84542
20
42415.06896
24767.586
4665.657585
20101.92842
21
22313.14054
24767.586
2454.44546
22313.14054

Column6
ending balance
197232.414
194160.3935
190750.4508
186965.4144
182764.024
178100.4806
172923.9475
167177.9957
160799.9893
$153,720.40
145862.0603
137139.3009
127457.0381
116709.7262
104780.2101
91538.44723
76840.09043
60524.91438
42415.06896
22313.14054
$0.000

principal
monthly payments n
10000
227.53

period
1
2
3
4
5
6
7
8
9
10

rate/month
10

semi annual interest rate

0.065

beginning balance total payment

interest paid
principal paid
ending balance
10000
1391.046901
650
741.0469006 9258.953099
9258.953099
1391.046901
601.8319515
789.2149491
8469.73815
8469.73815
1391.046901
550.5329798
840.5139208
7629.22423
7629.22423
1391.046901
495.8995749
895.1473256 6734.076904
6734.076904
1391.046901
437.7149988
953.3319018 5780.745002
5780.745002
1391.046901
375.7484251
1015.298475 4765.446527
4765.446527
1391.046901
309.7540242
1081.292876
3684.15365
3684.15365
1391.046901
239.4699873
1151.576913 2532.576737
2532.576737
1391.046901
164.6174879
1226.429413 1306.147324
1306.147324
1391.046901
84.89957609
1306.147324
0.000

monthly payments
1600
1400
1200
1000
800

monthly payments

600
400
200
0
1

10

loan
interest rate annually quarterly interest rate
total no of payments
100000
0.06
0.015
36

period
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

beginning balance
total payment
interest paid
principal paid
100000
3615.239554
1500
2115.239554
97884.76045
3615.239554
1468.271407
2146.968147
95737.7923
3615.239554
1436.066884
2179.172669
93558.61963
3615.239554
1403.379294
2211.860259
91346.75937
3615.239554
1370.201391
2245.038163
89101.72121
3615.239554
1336.525818
2278.713735
86823.00747
3615.239554
1302.345112
2312.894441
84510.11303
3615.239554
1267.651695
2347.587858
82162.52517
3615.239554
1232.437878
2382.801676
79779.7235
3615.239554
1196.695852
2418.543701
77361.1798
3615.239554
1160.417697
2454.821857
74906.35794
3615.239554
1123.595369
2491.644185
72414.71375
3615.239554
1086.220706
2529.018847
69885.69491
3615.239554
1048.285424
2566.95413
67318.74078
3615.239554
1009.781112
2605.458442
64713.28234
3615.239554
970.699235
2644.540319
62068.74202
3615.239554
931.0311303
2684.208423
59384.53359
3615.239554
890.7680039
2724.47155
56660.06204
3615.239554
849.9009307
2765.338623
53894.72342
3615.239554
808.4208513
2806.818702
51087.90472
3615.239554
766.3185708
2848.920983
48238.98374
3615.239554
723.584756
2891.654798
45347.32894
3615.239554
680.2099341
2935.02962
42412.29932
3615.239554
636.1844898
2979.055064
39433.24426
3615.239554
591.4986638
3023.74089
36409.50337
3615.239554
546.1425505
3069.097003
33340.40636
3615.239554
500.1060954
3115.133458
30225.2729
3615.239554
453.3790936
3161.86046
27063.41244
3615.239554
405.9511867
3209.288367
23854.12408
3615.239554
357.8118612
3257.427692
20596.69638
3615.239554
308.9504458
3306.289108
17290.40728
3615.239554
259.3561092
3355.883444
13934.52383
3615.239554
209.0178575
3406.221696
10528.30214
3615.239554
157.924532
3457.315022
7070.987115
3615.239554
106.0648067
3509.174747
3561.812368
3615.239554
53.42718552
3561.812368

ending balance
97884.76045
95737.7923
93558.61963
91346.75937
89101.72121
86823.00747
84510.11303
82162.52517
79779.7235
77361.1798
74906.35794
72414.71375
69885.69491
67318.74078
64713.28234
62068.74202
59384.53359
56660.06204
53894.72342
51087.90472
48238.98374
45347.32894
42412.29932
39433.24426
36409.50337
33340.40636
30225.2729
27063.41244
23854.12408
20596.69638
17290.40728
13934.52383
10528.30214
7070.987115
3561.812368
0.000