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    The document shows a table with interest rates and indexes over 36 periods of a loan. The effective APR is 2% each period. The nominal APR remains at 1.982% each period while the index value increases gradually each period from 1.0000 to 1.0612, representing the increasing principal balance over time.

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    The document shows a table with interest rates and indexes over 36 periods of a loan. The effective APR is 2% each period. The nominal APR remains at 1.982% each period while the index value increases gradually each period from 1.0000 to 1.0612, representing the increasing principal balance over time.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Interest

    Uploaded by

    api-26344229
    The document shows a table with interest rates and indexes over 36 periods of a loan. The effective APR is 2% each period. The nominal APR remains at 1.982% each period while the index value increases gradually each period from 1.0000 to 1.0612, representing the increasing principal balance over time.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Effective Nominal Nominal

    Period APR Index APR Monthly


    0 2.000% 1.0000 1.982% 0.165%
    1 2.000% 1.0017 1.982% 0.165% Periods
    2 2.000% 1.0033 1.982% 0.165% 12
    3 2.000% 1.0050 1.982% 0.165%
    4 2.000% 1.0066 1.982% 0.165%
    5 2.000% 1.0083 1.982% 0.165%
    6 2.000% 1.0100 1.982% 0.165%
    7 2.000% 1.0116 1.982% 0.165%
    8 2.000% 1.0133 1.982% 0.165%
    9 2.000% 1.0150 1.982% 0.165%
    10 2.000% 1.0166 1.982% 0.165%
    11 2.000% 1.0183 1.982% 0.165%
    12 2.000% 1.0200 1.982% 0.165% 1.0200
    13 2.000% 1.0217 1.982% 0.165%
    14 2.000% 1.0234 1.982% 0.165%
    15 2.000% 1.0251 1.982% 0.165%
    16 2.000% 1.0268 1.982% 0.165%
    17 2.000% 1.0285 1.982% 0.165%
    18 2.000% 1.0301 1.982% 0.165%
    19 2.000% 1.0319 1.982% 0.165%
    20 2.000% 1.0336 1.982% 0.165%
    21 2.000% 1.0353 1.982% 0.165%
    22 2.000% 1.0370 1.982% 0.165%
    23 2.000% 1.0387 1.982% 0.165%
    24 2.000% 1.0404 1.982% 0.165% 1.0404
    25 2.000% 1.0421 1.982% 0.165%
    26 2.000% 1.0438 1.982% 0.165%
    27 2.000% 1.0456 1.982% 0.165%
    28 2.000% 1.0473 1.982% 0.165%
    29 2.000% 1.0490 1.982% 0.165%
    30 2.000% 1.0508 1.982% 0.165%
    31 2.000% 1.0525 1.982% 0.165%
    32 2.000% 1.0542 1.982% 0.165%
    33 2.000% 1.0560 1.982% 0.165%
    34 2.000% 1.0577 1.982% 0.165%
    35 2.000% 1.0595 1.982% 0.165%
    36 2.000% 1.0612 1.982% 0.165% 1.0612

    Example Provided Courtesy of:

    The Excel Logic Page


    http://geocities.com/aaronblood

    email: AaronBlood@hotmail.com

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