rate

months
loan amount

PMT,PPMT,IPMT Functions

Time
1
2
3
4
5
6
7
8
9
10
NPV of payments
payment
beginning of each
month
payment if we
want to have a
$1000 ending
balance

0.006666667 payment
10 end of month
$ 10,000.00

Beginning
Monthly
balance
Payment
Principal
10000
$1,037.03
$970.37
$9,029.63
$1,037.03
$976.83
$8,052.80
$1,037.03
$983.35
$7,069.45
$1,037.03
$989.90
$6,079.55
$1,037.03
$996.50
$5,083.05
$1,037.03
$1,003.15
$4,079.90
$1,037.03
$1,009.83
$3,070.07
$1,037.03
$1,016.56
$2,053.51
$1,037.03
$1,023.34
$1,030.16
$1,037.03
$1,030.16
$10,000.00

($1,030.16)

($940.00)

55 $40.079.05 $33.($1.16 $6.052.053.083.00) .13 $6.69 $7.80 $53.90 $27.69 $1.63 $60.89 $4.07 $20.51 $13.070.029.67 $9.030.47 $2.03) Ending Interest Balance $66.037.069.20 $3.45 $47.53 $5.20 $8.079.87 ($0.

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