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Geo - Cory'sAnnual Interest=9,000x2%= 180 Annuity180PMT9000FV10I/Y5NCPT PV6270.63+2000=8270.63Amt. FinancedDownTotal CostApplied toEnding YearPaymentsInterest 10%PrincipalPrincipal BalanceCost8,270.63Down2,000.00 2,000.00 6,270.631180.00 627.06 (447.06)6,717.692180.00 671.77 (491.77)7,209.463180.00 720.95 (540.95)7,750.414180.00 775.04 (595.04)8,345.455180.00 834.54 (654.54)8,999.99"9,000.00 9,000.00 (0.01)Total11,900.00
 
Geo - Honest DaveStep 1:Step 2:9,500PV3,488.485I/Y103N33,488.48 CPT PMTCPT PVApplied to YearPaymentsInterest 10%PrincipalCost13,488.48 867.53 2,620.9523,488.48 605.44 2,883.0433,488.48 317.13 3,171.35Total10,465.44
 
PMTI/YN8,675.33EndingPrincipal Balance8,675.336,054.383,171.34(0.00)
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