F16 x ✓ fx A 1 2 Loan Amount. 3 Annual Interest Rate 4 #times per year interest accrued 5 Periodic Rate 6 Term (years) 7 #payments per year 8 Number of payments 9 Balloon (balance after final payment) 10 Points paid at origination to get loan 11 12 13 14 15 16 17 18 19 B $1,000,000.00 7.66% 12 0.64% 30 12 с 360 $0.00 AKA "Fully Amortizing" 1.50% D t 0 1 2 3 4 E Balance in (t): B_(t) $1,000,000.00 Interest in (t+1): (/m)*8_t $6,383.33 G Payment in (t+1) $7,102.03 H Balance in (t+1): B (t+1) $999,281.30 $0.00 I J K Principal paid in (t+1)(-PMT-INT) $718.70 L M N
F16 x ✓ fx A 1 2 Loan Amount. 3 Annual Interest Rate 4 #times per year interest accrued 5 Periodic Rate 6 Term (years) 7 #payments per year 8 Number of payments 9 Balloon (balance after final payment) 10 Points paid at origination to get loan 11 12 13 14 15 16 17 18 19 B $1,000,000.00 7.66% 12 0.64% 30 12 с 360 $0.00 AKA "Fully Amortizing" 1.50% D t 0 1 2 3 4 E Balance in (t): B_(t) $1,000,000.00 Interest in (t+1): (/m)*8_t $6,383.33 G Payment in (t+1) $7,102.03 H Balance in (t+1): B (t+1) $999,281.30 $0.00 I J K Principal paid in (t+1)(-PMT-INT) $718.70 L M N
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Balance in (t): B_(t)
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