House price

Loan term
House rent
House maintainance
Loan interest rate
Deposit interest rate
House appreciation
Tax
CPI
Rent management fee

300000 $
30 years
280 $/week
2500 $/year
1.06 annual
1.06 annual
1.015 annual
0.3 annual
1.03 annual
0.07 %*rent

Loan min repayment

Stamp duty

1213.333333333

21795 $/year
11330

Year

House invest
Liability

Asset
0
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

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1816

300,000
304,500
309,068
313,704
318,409
323,185
328,033
332,953
337,948
343,017
348,162
353,385
358,685
364,066
369,527
375,070
380,696
386,406
392,202
398,085
404,057
410,117
416,269
422,513
428,851
435,284
441,813

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Net

311,330 -$
308,215 -$
304,913 $
301,413 $
297,704 $
293,771 $
289,603 $
285,184 $
280,501 $
275,536 $
270,273 $
264,695 $
258,782 $
252,515 $
245,871 $
238,828 $
231,363 $
222,864 $
213,184 $
202,231 $
189,909 $
176,113 $
160,734 $
143,655 $
124,748 $
103,882 $
80,913 $

11,330
3,715
4,154
12,290
20,705
29,414
38,430
47,769
57,447
67,481
77,889
88,689
99,903
111,551
123,656
136,241
149,332
163,542
179,018
195,854
214,148
234,004
255,535
278,859
304,103
331,402
360,900

27
28
29
30

$
$
$
$

448,440 $
455,167 $
461,994 -$
468,924 -$

55,689
28,050
2,176
35,174

$
$
$
$

392,751
427,116
464,171
504,098

$/months

$/month

Cash invest
Liability

Asset
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,423
21,129
32,127
43,423
55,024
66,937
79,169
91,727
104,620
117,854
131,437
145,376
159,680
174,355
189,410
204,852
221,275
238,807
257,520
277,486
298,786
321,503
345,728
371,553
399,081
428,417

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

###
-

Rent
Net
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,423
21,129
32,127
43,423
55,024
66,937
79,169
91,727
104,620
117,854
131,437
145,376
159,680
174,355
189,410
204,852
221,275
238,807
257,520
277,486
298,786
321,503
345,728
371,553
399,081
428,417

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

13,947
14,365
14,796
15,240
15,697
16,168
16,653
17,153
17,668
18,198
18,744
19,306
19,885
20,482
21,096
21,729
22,381
23,052
23,744
24,456
25,190
25,946
26,724
27,526
28,351
29,202

$
$
$
$

459,676
492,976
528,446
566,221

$
$
$
$

$
$
$
$

459,676
492,976
528,446
566,221

$
$
$
$
$

30,078
30,980
31,910
32,867
663,535

Loan interest

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

18,680
18,493
18,295
18,085
17,862
17,626
17,376
17,111
16,830
16,532
16,216
15,882
15,527
15,151
14,752
14,330
13,882
13,372
12,791
12,134
11,395
10,567
9,644
8,619
7,485
6,233

Rent-repayments

$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
$
$
$
$
$
$
$
$
$
$

7,848
7,429
6,998
6,554
6,097
5,626
5,141
4,642
4,127
3,597
3,051
2,489
1,910
1,313
699
66
586
1,258
1,949
2,662
3,395
4,151
4,929
5,731
6,557
7,407

Loan cover cost

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Maintainance cost

$
7,847.65 $
7,429.24 $
6,998.28 $
6,554.38 $
6,097.18 $
5,626.25 $
5,141.20 $
4,641.59 $
4,127.00 $
3,596.97 $
3,051.04 $
2,488.73 $
1,909.55 $
1,313.00 $
698.55 $
65.66 $
$
$
$
$
$
$
$
$
$
$

2,575
2,652
2,732
2,814
2,898
2,985
3,075
3,167
3,262
3,360
3,461
3,564
3,671
3,781
3,895
4,012
4,132
4,256
4,384
4,515
4,651
4,790
4,934
5,082
5,234
5,391

$
$
$
-$
$

4,855
3,341
1,683
131
384,618

$
$
$
$
$

8,283
9,186
10,115
11,072
9,695

$
$
$
$

$
$
$
$

5,553
5,720
5,891
6,068

Total cash input

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,423
10,081
9,730
9,368
8,995
8,611
8,216
7,809
7,389
6,957
6,512
6,053
5,581
5,094
4,593
4,077
4,132
4,256
4,384
4,515
4,651
4,790
4,934
5,082
5,234
5,391

$
$
$
$

5,553
5,720
5,891
6,068

House price
Loan amount
Loan term
Loan interest rate
Deposit interest rate
House appreciation

330000 $
190000 $
30 years
1.045 annual
1.035 annual
1.045 annual

Loan actual repayment

38400 $/year

Year
House price
0
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

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

330,000
344,850
360,368
376,585
393,531
411,240
429,746
449,084
469,293
490,411
512,480
535,542
559,641
584,825
611,142
638,643
667,382
697,414
728,798
761,594
795,866
831,680
869,105
908,215
949,085
991,793
1,036,424
1,083,063
1,131,801
1,182,732
1,235,955

3200

House invest
Money owed
$
$
$
$
$
$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$

190,000
160,150
128,957
96,360
62,296
26,699
10,499
49,372
89,993
132,443
176,803
223,159
271,601
322,223
375,123
430,404
488,172
548,540
611,624
677,547
746,437
818,427
893,656
972,270
1,054,423
1,140,272
1,229,984
1,323,733
1,421,701
1,524,078
1,631,061

Net
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

140,000
184,700
231,412
280,225
331,235
384,541
440,245
498,456
559,287
622,855
689,283
758,701
831,242
907,048
986,265
1,069,047
1,155,554
1,245,954
1,340,422
1,439,141
1,542,303
1,650,106
1,762,761
1,880,485
2,003,507
2,132,065
2,266,408
2,406,796
2,553,502
2,706,810
2,867,016

$1,200,000

$/month

$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
-$200,000
-$400,000
-$600,000

10

Column B
Column C
Column D
6

10

12

14

16

Invest amount
Loan interest rate
Shares growth rate
Shares dividend
Tax
CPI

10000 $
1.06 annual
1.05 annual
1.05 annual
0.3 annual
1.03 annual

Year

House pay of
Total savings
0
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

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
10,600
11,236
11,910
12,625
13,382
14,185
15,036
15,938
16,895
17,908
18,983
20,122
21,329
22,609
23,966
25,404
26,928
28,543
30,256
32,071
33,996
36,035
38,197
40,489
42,919
45,494
48,223
51,117
54,184
57,435

Dividends EBIT
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

500
543
589
639
693
752
816
885
960
1,042
1,130
1,227
1,331
1,444
1,567
1,700
1,844
2,001
2,171
2,356
2,556
2,773
3,009
3,265
3,542
3,843
4,170
4,525
4,909
5,326

Shares invest
Dividend Tax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

150
163
177
192
208
226
245
266
288
313
339
368
399
433
470
510
553
600
651
707
767
832
903
979
1,063
1,153
1,251
1,357
1,473
1,598

Shares invest
Shares price
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
10,500
11,393
12,361
13,412
14,552
15,788
17,130
18,586
20,166
21,880
23,740
25,758
27,948
30,323
32,901
35,697
38,732
42,024
45,596
49,471
53,676
58,239
63,189
68,560
74,388
80,711
87,571
95,015
103,091
111,854

Invest monthly
Net
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
10,850
11,772
12,773
13,859
15,037
16,315
17,701
19,206
20,839
22,610
24,532
26,617
28,879
31,334
33,997
36,887
40,023
43,425
47,116
51,120
55,466
60,180
65,296
70,846
76,868
83,401
90,490
98,182
106,528
115,583

Invest amount
Reinvest
Loan interest rate
Shares growth rate
Shares dividend
Tax
CPI

10000 $
100 $/month
1.06 annual
1.05 annual
1.05 annual
0.3 annual
1.03 annual

Year

House pay of
Total savings
0
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

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
10,600
11,236
11,910
12,625
13,382
14,185
15,036
15,938
16,895
17,908
18,983
20,122
21,329
22,609
23,966
25,404
26,928
28,543
30,256
32,071
33,996
36,035
38,197
40,489
42,919
45,494
48,223
51,117
54,184
57,435

Dividends EBIT
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

500
543
589
639
693
752
816
885
960
1,042
1,130
1,227
1,331
1,444
1,567
1,700
1,844
2,001
2,171
2,356
2,556
2,773
3,009
3,265
3,542
3,843
4,170
4,525
4,909
5,326

Shares invest
Dividend Tax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

150
163
177
192
208
226
245
266
288
313
339
368
399
433
470
510
553
600
651
707
767
832
903
979
1,063
1,153
1,251
1,357
1,473
1,598

Shares invest
Shares price
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
10,500
11,393
12,361
13,412
14,552
15,788
17,130
18,586
20,166
21,880
23,740
25,758
27,948
30,323
32,901
35,697
38,732
42,024
45,596
49,471
53,676
58,239
63,189
68,560
74,388
80,711
87,571
95,015
103,091
111,854

Invest monthly
Net
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
10,850
11,772
12,773
13,859
15,037
16,315
17,701
19,206
20,839
22,610
24,532
26,617
28,879
31,334
33,997
36,887
40,023
43,425
47,116
51,120
55,466
60,180
65,296
70,846
76,868
83,401
90,490
98,182
106,528
115,583

http://money.stackexchange.com/questions/30734/frequency-of-investments-to-maximise-returns-a

250

0.0192307692

0.05

0.09

14.95

1.0009600013

1.0016586374

alpha

0.4143396324

beta

0.1744306464

gamma

0.2398852009

c0

-1.386146580E-007

c1

-2.611015298E-007

c2

2.366287802E-005

n (unrounded)

12.1576716913

12

t (periods)

1092

FV(n-1)

763270.730330482

FV(n)

763297.129174281

FV(n+1)

763281.30242066

Money to invest per period

Periods per year
Annual interest on cash
Annual interest on shares
Brokerage fee

Method:
Okay, I think I managed to find the precise answer to this problem!

It involves solving a non-linear exponential equation, but I also found a good approximate solution using the trunc

Finding the future value:

Let's start by defining the growth factors per period, for money in the bank and money invested:

Now, let S be the amount ready to be invested after n+1 periods; so the first of that money has earned interest fo

The key step to solve the problem was to fix the total number of periods considered. So let's introduce a new vari
t = the total number of time periods elapsed

So if money is ready to invest every n+1 periods, there will be t/(n+1) separate investments, and the future value o

This formula is exact in the case of integer t and n, and a good approximation when t and n are not integers. Sub

Derivative of the future value with respect to n:

Fortunately, only a couple of terms in FV depend on n, so we can find the derivative after some effort:

Maximising the future value:

Equating the derivative to zero, we can remove the denominator, and assuming t is greater than zero, we can div

To simplify the equation, we can define some extra constants:

Then, we can define a function f(n) and write the equation as:

Note that , , , G, and R are all constant.

Solutions:

From here there are two options:

1. Use Newton's method or another numerical method for finding the positive root of f(n). This can
2. Solve approximately using a truncated Taylor series polynomial. I will use this method here.

Approximating the solution with a Taylor series:

The Taylor series of f(n), centred around n=0, is:

Truncating the series to the first three terms, we get a quadratic polynomial (with constant coefficients):

Closed-form approximate solution:

Using R, G, , and defined above, let c0, c1 and c2 be the coefficients of the truncated Taylor series for

Then,

n should be rounded to the nearest whole number. To be certain, check the values above and below n

Example:

Using the example from the question:

For example, I might put aside $100 every week to invest into a stock with an expected growth of 9% p.a., but bro
Using Newton's method to find roots of f(n) above, we get n = 14.004.
Using the closed-form approximate solution, we get n = 14.106.
Checking this against the FV with t = 1680 (evenly divisible by each n + 1 tested):
When n = 13, FV = $903,861.85
When n = 14, FV = $903,891.13
When n = 15, FV = $903,865.89

Therefore, you should wait for n = 14 periods, keeping that money in the bank, investing it together with the mone

Spreadsheet:

Here's one way to implement the above solution with a spreadsheet. StackExchange doesn't allow tables in their
Formulae:

Copy and paste column A:

s
d
r
g
b
.
R

G
alpha
beta
gamma
.
c0
c1
c2
.
n (unrounded)
n
.
t (periods)
FV(n-1)
FV(n)
FV(n+1)
Copy and paste column B:
100
0.0192307692
0.04
0.09
10
.
1
1
-0.0473324477
0
0
.
#VALUE!
#VALUE!
#VALUE!
.
#VALUE!
0
.
0
-5.737151E+016
-263205303797
-16501970884.8
Results:

Remember, n is the number of periods to accumulate money in the bank. So you will want to invest every

-maximise-returns-and-minimise-fees/30774#30774

vest per period

est on cash
est on shares

solution using the truncated Taylor series. See below for a spreadsheet you can use.

has earned interest for n periods. That is,

s introduce a new variable:

and the future value of the investments will be:

n are not integers. Substituting S, we get the version of the formula which explicitly depends on n:

ome effort:

than zero, we can divide by the constant ( 1-G t ):

oot of f(n). This can be done in a number of software packages like MATLAB, Octave, etc, or by using a graph

s method here.

coefficients):

Taylor series for f(n):

and below n using the formula for FV.

wth of 9% p.a., but brokerage fees are $10/trade. For how many weeks should I accumulate the $100 before investing, if I ca

ogether with the money in the next period (so you will make an investment every 14 + 1 = 15 weeks.)

n't allow tables in their syntax at this time, so I'll show a screenshot of the formulae and columns you can copy and paste:

to invest every n+1 weeks; in this case, every 15 weeks.

c, or by using a graphics calculator.

0 before investing, if I can put it in my high-interest bank account at 4% p.a. until then?

u can copy and paste:

x
step
Average annual change
Standard deviation
Long term years
Dividends annual
Average annual ROI after B5 years
Standard deviation
After tax
Min annual ROI after B5 years
Standard deviation
After tax

0.64
4.78%
10.61%
20
4%
9.86%
2.28%
7.78%
105.99%
2.28%
4.50%

1879.28
1879.92
1880.56
1880.99
1881.63
1882.06
1882.92
1883.34
1883.56
1884.2
1885.06
1885.91
1886.55
1887.2
1887.62
1888.05
1888.69
1889.12
1889.76
1890.4
1891.05
1891.69
1892.12
1892.97
1893.61
1894.04
1894.9
1895.75
1896.18
1896.82
1897.25
1898.11
1898.75
1899.39
1900.03
1900.67
1901.53
1902.17
1902.6
1903.46
1903.88
1904.53
1905.17

1905.81
1906.45
1907.31
1908.16
1908.59
1909.23
1909.87
1910.52
1911.16
1912.01
1912.66
1913.3
1913.94
1914.37
1915.01
1915.65
1916.08
1916.72
1917.36
1918
1918.86
1919.29
1919.93
1920.36
1921
1921.43
1922.07
1922.5
1922.93
1923.57
1924.21
1924.85
1925.71
1926.35
1926.99
1927.63
1928.27
1928.92
1929.56
1929.99
1930.2
1930.41
1930.63
1930.84
1931.27

1931.91
1932.34
1932.77
1932.98
1933.41
1933.84
1934.48
1934.91
1935.55
1935.98
1936.62
1937.05
1937.69
1938.33
1939.19
1939.83
1940.47
1940.9
1941.54
1941.97
1942.4
1942.82
1943.04
1943.68
1944.53
1945.18
1945.82
1946.46
1946.89
1947.53
1948.39
1949.24
1949.67
1950.1
1950.53
1950.95
1951.17
1951.6
1951.81
1952.24
1952.45
1953.09
1953.73
1954.38
1954.8

1955.66
1956.3
1956.94
1957.37
1958.01
1958.66
1959.08
1959.51
1959.73
1959.94
1960.37
1961.01
1961.22
1961.65
1962.29
1962.93
1963.58
1964
1964.65
1965.29
1965.72
1966.36
1967.21
1967.64
1967.86
1968.07
1968.28
1968.5
1968.71
1969.35
1970.21
1970.42
1971.07
1971.49
1971.92
1972.35
1972.78
1973.42
1973.85
1974.06
1974.49
1974.7
1974.92
1975.34
1975.77

1975.99
1976.41
1976.84
1977.48
1978.13
1978.55
1978.98
1979.62
1979.84
1980.05
1980.27
1980.48
1980.69
1980.91
1981.55
1981.98
1982.19
1982.4
1983.05
1983.26
1983.69
1984.12
1984.97
1985.19
1985.61
1985.83
1986.26
1986.47
1986.9
1987.11
1987.33
1987.54
1987.75
1987.97
1988.18
1988.4
1988.61
1989.25
1989.68
1990.11
1990.53
1990.96
1991.39
1991.6
1992.25

1992.89
1993.32
1993.53
1993.96
1994.17
1994.6
1995.24
1995.67
1996.1
1996.95
1997.38
1998.02
1998.67
1999.09
1999.73
2000.38
2001.23
2001.87
2002.3
2002.73
2003.37
2003.8
2004.23
2004.87
2005.08
2005.73
2006.15
2006.58
2007.01
2007.22
2007.87
2008.08
2008.51
2008.72

Graph data before log sclae

Value
Percentage change
1.99726 3.99241
2.06849 4.194474
5.06%
2.17534 4.516922
7.69%
2.28219 4.864158
7.69%
2.38904 5.238087
7.69%
2.49589 5.640762
7.69%
2.49589 5.640762
0.00%
2.60274 6.074392
7.69%
2.70959 6.541357
7.69%
2.74521 6.704873
2.50%
2.74521 6.704873
0.00%
2.78082 6.872429
2.50%
2.78082 6.872429
0.00%
2.78082 6.872429
0.00%
2.92329 7.58574
10.38%
3.06575 8.373031
10.38%
3.13699 8.796868
5.06%
3.27945 9.709857
10.38%
3.24384 9.473122
-2.44%
3.13699 8.796868
-7.14%
3.10137 8.582334
-2.44%
3.03014 8.16889
-4.82%
2.92329 7.58574
-7.14%
2.88767 7.400742
-2.44%
2.78082 6.872429
-7.14%
2.70959 6.541357
-4.82%
2.78082 6.872429
5.06%
2.81644 7.04422
2.50%
2.92329 7.58574
7.69%
2.99452 7.96967
5.06%
2.88767 7.400742
-7.14%
2.92329 7.58574
2.50%
2.9589 7.775309
2.50%
3.06575 8.373031
7.69%
3.10137 8.582334
2.50%
3.20822 9.242096
7.69%
3.1726 9.016703
-2.44%
3.10137 8.582334
-4.82%
3.20822 9.242096
7.69%
3.27945 9.709857
5.06%
3.35068 10.20129
5.06%
3.45753 10.98551
7.69%
3.52877 11.54159
5.06%

3.6
3.67123
3.70685
3.77808
3.88493
3.95616
4.0274
4.06301
4.09863
4.16986
4.16986
4.2411
4.31233
4.41918
4.34795
4.38356
4.27671
4.20548
4.20548
4.27671
4.27671
4.38356
4.49041
4.59726
4.52603
4.56164
4.66849
4.77534
4.88219
5.02466
5.02466
5.13151
5.16712
5.27397
5.38082
5.45205
5.52329
5.63014
5.66575
5.52329
5.38082
5.23836
5.09589
4.98904
4.88219

12.12573
12.73944
13.05789
13.71878
14.7734
15.52111
16.30678
16.71429
17.1321
17.99919
17.99919
18.9103
19.86738
21.39468
20.36401
20.87291
19.38287
18.44912
18.44912
19.38287
19.38287
20.87291
22.4775
24.20545
23.03938
23.61514
25.43054
27.38549
29.49074
32.55168
32.55168
35.05407
35.93007
38.69218
41.66662
43.77545
45.99133
49.52689
50.76457
45.99133
41.66662
37.74883
34.19918
31.75782
29.49074

5.06%
5.06%
2.50%
5.06%
7.69%
5.06%
5.06%
2.50%
2.50%
5.06%
0.00%
5.06%
5.06%
7.69%
-4.82%
2.50%
-7.14%
-4.82%
0.00%
5.06%
0.00%
7.69%
7.69%
7.69%
-4.82%
2.50%
7.69%
7.69%
7.69%
10.38%
0.00%
7.69%
2.50%
7.69%
7.69%
5.06%
5.06%
7.69%
2.50%
-9.40%
-9.40%
-9.40%
-9.40%
-7.14%
-7.14%

4.91781
5.02466
5.16712
5.27397
5.38082
5.52329
5.59452
5.70137
5.80822
5.91507
5.9863
6.12877
6.16438
6.05753
6.02192
5.95068
5.9863
5.91507
5.95068
5.84384
5.70137
5.80822
5.95068
6.02192
6.05753
6.12877
6.2
6.30685
6.4137
6.48493
6.55616
6.52055
6.48493
6.59178
6.73425
6.8411
6.98356
7.01918
6.87671
6.76986
6.6274
6.55616
6.6274
6.73425
6.8411

30.22792
32.55168
35.93007
38.69218
41.66662
45.99133
48.31904
52.03354
56.03359
60.34114
63.39513
69.97511
71.7238
66.60368
64.97983
61.84907
63.39513
60.34114
61.84907
57.43427
52.03354
56.03359
61.84907
64.97983
66.60368
69.97511
73.51669
79.16825
85.25426
89.56915
94.10243
91.80813
89.56915
96.45472
106.4661
114.6506
126.5497
129.7131
117.5157
109.1267
98.86582
94.10243
98.86582
106.4661
114.6506

2.50%
7.69%
10.38%
7.69%
7.69%
10.38%
5.06%
7.69%
7.69%
7.69%
5.06%
10.38%
2.50%
-7.14%
-2.44%
-4.82%
2.50%
-4.82%
2.50%
-7.14%
-9.40%
7.69%
10.38%
5.06%
2.50%
5.06%
5.06%
7.69%
7.69%
5.06%
5.06%
-2.44%
-2.44%
7.69%
10.38%
7.69%
10.38%
2.50%
-9.40%
-7.14%
-9.40%
-4.82%
5.06%
7.69%
7.69%

6.91233
6.87671
6.87671
7.01918
7.05479
7.16164
7.26849
7.37534
7.51781
7.66027
7.76712
7.73151
7.58904
7.69589
7.69589
7.66027
7.76712
7.87397
7.94521
7.87397
7.76712
7.76712
7.76712
7.90959
8.01644
8.1589
8.30137
8.44384
8.5863
8.65753
8.65753
8.5863
8.51507
8.3726
8.26575
8.40822
8.65753
8.5863
8.44384
8.33699
8.12329
7.98082
7.83836
7.87397
8.01644

120.4533
117.5157
117.5157
129.7131
132.9546
143.1754
154.1819
166.0346
183.2679
202.2884
217.8392
212.5281
192.5434
207.3451
207.3451
202.2884
217.8392
234.5855
246.46
234.5855
217.8392
217.8392
217.8392
240.4495
258.9339
285.8075
315.4724
348.2163
384.3562
403.8092
403.8092
384.3562
365.8403
331.4391
307.7788
339.7242
403.8092
384.3562
348.2163
323.3583
278.8393
252.6191
228.8661
234.5855
258.9339

5.06%
-2.44%
0.00%
10.38%
2.50%
7.69%
7.69%
7.69%
10.38%
10.38%
7.69%
-2.44%
-9.40%
7.69%
0.00%
-2.44%
7.69%
7.69%
5.06%
-4.82%
-7.14%
0.00%
0.00%
10.38%
7.69%
10.38%
10.38%
10.38%
10.38%
5.06%
0.00%
-4.82%
-4.82%
-9.40%
-7.14%
10.38%
18.86%
-4.82%
-9.40%
-7.14%
-13.77%
-9.40%
-9.40%
2.50%
10.38%

8.12329
8.26575
8.30137
8.19452
8.26575
8.40822
8.51507
8.62192
8.76438
8.90685
9.04932
9.19178
9.29863
9.4411
9.36986
9.2274
9.08493
8.94247
8.97808
9.12055
9.26301
9.51233
9.51233
9.61918
9.76164
9.90411
10.0466
10.1534
10.2959
10.4384
10.7233
10.8658
10.9014
10.6164
10.474
10.474
10.6164
10.5452
10.6521
10.6877
10.5452
10.4384
10.474
10.6164
10.6521

278.8393
307.7788
315.4724
292.9519
307.7788
339.7242
365.8403
393.964
434.8518
479.9865
529.8059
584.7921
629.7476
695.1112
661.6204
599.4103
543.0458
491.9848
504.2796
556.6204
614.3896
730.2922
730.2922
786.433
868.0534
958.1515
1057.616
1138.88
1257.114
1387.623
1690.577
1866.086
1912.707
1569.838
1422.29
1422.29
1569.838
1494.244
1609.169
1649.371
1494.244
1387.623
1422.29
1569.838
1609.169

7.69%
10.38%
2.50%
-7.14%
5.06%
10.38%
7.69%
7.69%
10.38%
10.38%
10.38%
10.38%
7.69%
10.38%
-4.82%
-9.40%
-9.40%
-9.40%
2.50%
10.38%
10.38%
18.86%
0.00%
7.69%
10.38%
10.38%
10.38%
7.68%
10.38%
10.38%
21.83%
10.38%
2.50%
-17.93%
-9.40%
0.00%
10.37%
-4.82%
7.69%
2.50%
-9.41%
-7.14%
2.50%
10.37%
2.51%

10.5808
10.6521
10.7945
10.937
11.0795
11.0082
10.9014
11.0082
11.1151
11.1863
11.2932
11.3644
11.3644
11.4712
11.5425
11.6137
11.6493
11.6493
11.7205
11.6137
11.5068
11.6137
11.7205
11.8274
11.9699
12.0767
12.1836
12.326
12.4329
12.5397
12.6822
12.5753
12.4329
12.2904

1531.575
1609.169
1776.104
1960.492
2164.023
2059.674
1912.707
2059.674
2218.087
2330.3
2509.527
2636.485
2636.485
2839.065
2982.9
3133.806
3212.098
3212.098
3374.598
3133.806
2909.993
3133.806
3374.598
3634.144
4011.427
4319.654
4651.886
5134.471
5529.372
5954.233
6572.379
6102.988
5529.372
5009.323

-4.82%
5.07%
10.37%
10.38%
10.38%
-4.82%
-7.14%
7.68%
7.69%
5.06%
7.69%
5.06%
0.00%
7.68%
5.07%
5.06%
2.50%
0.00%
5.06%
-7.14%
-7.14%
7.69%
7.68%
7.69%
10.38%
7.68%
7.69%
10.37%
7.69%
7.68%
10.38%
-7.14%
-9.40%
-9.41%

Percentage change (annual)

Value in B5 years
Value in B5 years (%)
0.00%
7.7753089418
194.75%
7.91%
8.3730311943
199.62%
12.01%
8.5823337159
190.00%
12.01%
9.2420955181
190.00%
12.01%
9.0167029897
172.14%
12.01%
9.0167029897
159.85%
0.00%
9.2420955181
163.84%
12.01%
9.2420955181
152.15%
12.01%
9.7098566716
148.44%
3.91%
10.2012921635
152.15%
0.00%
10.9855104339
163.84%
3.90%
12.1257325321
176.44%
0.00%
12.7394403892
185.37%
0.00%
12.7394403892
185.37%
16.22%
13.0578910118
172.14%
16.22%
13.0578910118
155.95%
7.91%
14.7734001444
167.94%
16.22%
14.7734001444
152.15%
-3.81%
15.5211118164
163.84%
-11.15%
16.3067797185
185.37%
-3.81%
16.71428806
194.75%
-7.53%
17.1320988332
209.72%
-11.15%
17.9991890181
237.28%
-3.81%
17.9991890181
243.21%
-11.15%
18.9102954673
275.16%
-7.53%
19.8673837817
303.72%
7.91%
21.3946770988
311.31%
3.91%
20.872912272
296.31%
12.01%
19.3828659734
255.52%
7.91%
18.449118746
231.49%
-11.15%
18.449118746
249.29%
3.91%
19.3828659734
255.52%
3.90%
19.3828659734
249.29%
12.01%
20.872912272
249.29%
3.91%
22.4775049941
261.90%
12.01%
24.2054498277
261.90%
-3.81%
23.615137
261.90%
-7.53%
25.4305366178
296.31%
12.01%
27.3854940019
296.31%
7.91%
29.4907375727
303.72%
7.91%
32.551677788
319.09%
12.01%
32.551677788
296.31%
7.91%
35.0540686661
303.72%

7.91%
7.91%
3.91%
7.91%
12.01%
7.91%
7.91%
3.90%
3.91%
7.91%
0.00%
7.91%
7.91%
12.01%
-7.53%
3.90%
-11.15%
-7.53%
0.00%
7.91%
0.00%
12.01%
12.01%
12.01%
-7.53%
3.90%
12.01%
12.01%
12.01%
16.22%
0.00%
12.01%
3.90%
12.01%
12.01%
7.91%
7.91%
12.01%
3.90%
-14.69%
-14.69%
-14.69%
-14.69%
-11.15%
-11.15%

35.9300739616
38.6921770371
41.6666151445
43.77544684
45.9913295608
49.5268856791
50.7645683726
37.7488293553
31.7578204915
30.2279240937
32.551677788
38.6921770371
45.9913295608
45.9913295608
52.0335415699
56.0335891443
60.341137998
63.3951250788
69.9751126878
71.7237989773
66.6036806249
64.979827109
61.8490701279
61.8490701279
60.341137998
60.341137998
57.4342732248
52.0335415699
56.0335891443
61.8490701279
64.979827109
66.6036806249
69.9751126878
73.5166947198
85.2542588378
89.5691493704
89.5691493704
94.1024252431
91.8081293026
89.5691493704
96.4547244797
96.4547244797
106.4660761587
106.4660761587
126.5496756882

296.31%
303.72%
319.09%
319.09%
311.31%
319.09%
311.31%
225.85%
185.37%
167.94%
180.85%
204.61%
231.49%
214.97%
255.52%
268.45%
311.31%
343.62%
379.29%
370.04%
343.62%
311.31%
275.16%
255.52%
261.90%
255.52%
225.85%
190.00%
190.00%
190.00%
199.62%
190.00%
194.75%
190.00%
204.61%
204.61%
194.75%
190.00%
180.85%
194.75%
231.49%
255.52%
311.31%
335.24%
429.12%

3.91%
12.01%
16.22%
12.01%
12.01%
16.22%
7.91%
12.01%
12.01%
12.01%
7.91%
16.22%
3.90%
-11.15%
-3.81%
-7.53%
3.91%
-7.53%
3.90%
-11.15%
-14.69%
12.01%
16.22%
7.91%
3.90%
7.91%
7.91%
12.01%
12.01%
7.91%
7.91%
-3.81%
-3.81%
12.01%
16.22%
12.01%
16.22%
3.91%
-14.69%
-11.15%
-14.69%
-7.53%
7.91%
12.01%
12.01%

117.5157242492
109.1266759138
98.8658246631
98.8658246631
94.1024252431
98.8658246631
106.4660761587
114.6505924697
114.6505924697
120.4532909243
117.5157242492
117.5157242492
129.7130660551
132.9546108197
154.1819425873
183.2678612801
217.8392333582
217.8392333582
192.5434185409
207.3450793748
207.3450793748
207.3450793748
202.2884305216
217.8392333582
234.5854949179
246.4600497718
217.8392333582
217.8392333582
217.8392333582
217.8392333582
315.4724038868
384.356165272
403.8092084548
403.8092084548
384.356165272
384.356165272
365.8402500227
331.4391005351
331.4391005351
307.7787890967
339.7241573883
403.8092084548
384.356165272
323.3583376756
252.6191153795

388.77%
335.24%
275.16%
255.52%
225.85%
214.97%
220.34%
220.34%
204.61%
199.62%
185.37%
167.94%
180.85%
199.62%
237.28%
296.31%
343.62%
361.01%
311.31%
361.01%
398.48%
370.04%
327.07%
335.24%
352.21%
352.21%
296.31%
275.16%
255.52%
243.21%
335.24%
418.65%
450.84%
418.65%
361.01%
335.24%
289.09%
255.52%
282.04%
282.04%
343.62%
429.12%
388.77%
303.72%
220.34%

7.91%
-3.81%
0.00%
16.22%
3.90%
12.01%
12.01%
12.01%
16.22%
16.22%
12.01%
-3.81%
-14.69%
12.01%
0.00%
-3.81%
12.01%
12.01%
7.91%
-7.53%
-11.15%
0.00%
0.00%
16.22%
12.01%
16.22%
16.22%
16.22%
16.22%
7.91%
0.00%
-7.53%
-7.53%
-14.69%
-11.15%
16.22%
29.47%
-7.53%
-14.69%
-11.15%
-21.51%
-14.69%
-14.69%
3.90%
16.22%

234.5854949179
278.8392805247
315.4724038868
315.4724038868
292.9519006808
339.7241573883
365.8402500227
365.8402500227
393.9640017525
434.8518012917
529.8058634068
695.1112094663
695.1112094663
661.6204421229
543.045774196
491.9848226489
556.620410097
614.3896063846
730.2921941788
786.4329724502
868.0534087984
1057.6158589537
1387.6230544181
1866.0863103198
1912.7067685977
1569.8380304416
1422.2900590235
1422.2900590235
1569.8380304416
1494.2439643425
1649.3707354029
1649.3707354029
1387.6230544181
1422.2900590235
1569.8380304416
1609.1688493548
1609.1688493548
1609.1688493548
1776.103574016
1960.491946384
2164.0228239313
2059.6735802525
2059.6735802525
1912.7067685977
2059.6735802525

194.75%
237.28%
268.45%
243.21%
220.34%
237.28%
237.28%
220.34%
214.97%
214.97%
243.21%
327.07%
361.02%
319.09%
261.90%
243.21%
255.52%
261.90%
296.31%
335.24%
398.48%
485.50%
636.99%
776.08%
738.69%
549.26%
450.84%
408.45%
408.43%
370.04%
408.45%
429.13%
379.30%
429.13%
510.05%
473.67%
398.50%
418.67%
510.06%
606.29%
776.08%
815.33%
899.95%
815.36%
795.44%

12.01%
16.22%
3.91%
-11.15%
7.91%
16.22%
12.01%
12.01%
16.22%
16.22%
16.22%
16.22%
12.01%
16.22%
-7.53%
-14.69%
-14.69%
-14.69%
3.90%
16.22%
16.22%
29.48%
0.00%
12.01%
16.22%
16.22%
16.22%
12.01%
16.22%
16.22%
34.11%
16.22%
3.90%
-28.01%
-14.69%
0.00%
16.21%
-7.52%
12.02%
3.90%
-14.70%
-11.15%
3.90%
16.21%
3.91%

2059.6735802525
2218.0866339585
2218.0866339585
2509.5274300002
2636.4848659664
2636.4848659664
2636.4848659664
2839.0646764678
2982.9002116637
2982.9002116637
2982.9002116637
3133.8056602707
3133.8056602707
3133.8056602707
3212.097567364
3212.097567364
3212.097567364
3374.5981506813
3133.8056602707
3133.8056602707
2909.993065774
3133.8056602707
3634.1443249903
4011.4274783147
4011.4274783147
4319.6538705413
4651.8859131068
4651.8859131068
5134.4712517251
5529.372306897
5954.2331542253
5954.2331542253
5954.2331542253
6572.3791768273
6102.9878376546
6102.9878376546
5529.372306897

738.66%
720.68%
703.10%
856.63%
856.62%
776.07%
720.67%
720.64%
685.96%
621.46%
563.02%
535.88%
497.63%
450.84%
485.49%
535.88%
591.50%
685.92%
621.44%
563.01%
473.64%
429.12%
497.63%
510.08%
462.12%
450.83%
439.85%
408.46%
408.43%
398.48%
352.20%
319.08%
311.30%
418.67%
429.10%
429.10%
352.23%

-7.53%
7.92%
16.21%
16.22%
16.22%
-7.53%
-11.15%
12.01%
12.02%
7.90%
12.02%
7.90%
0.00%
12.01%
7.92%
7.90%
3.90%
0.00%
7.90%
-11.15%
-11.16%
12.02%
12.01%
12.02%
16.22%
12.01%
12.02%
16.21%
12.02%
12.01%
16.22%
-11.16%
-14.69%
-14.70%

Value in B5 years (% - annual)

ROI average after B5 years (annual)
103.39%
107.39%
103.52%
107.52%
103.26%
107.26%
103.26%
107.26%
102.75%
106.75%
102.37%
106.37%
102.50%
106.50%
102.12%
106.12%
101.99%
105.99%
102.12%
106.12%
102.50%
106.50%
102.88%
106.88%
103.13%
107.13%
103.13%
107.13%
102.75%
106.75%
102.25%
106.25%
102.63%
106.63%
102.12%
106.12%
102.50%
106.50%
103.13%
107.13%
103.39%
107.39%
103.77%
107.77%
104.41%
108.41%
104.54%
108.54%
105.19%
109.19%
105.71%
109.71%
105.84%
109.84%
105.58%
109.58%
104.80%
108.80%
104.29%
108.29%
104.67%
108.67%
104.80%
108.80%
104.67%
108.67%
104.67%
108.67%
104.93%
108.93%
104.93%
108.93%
104.93%
108.93%
105.58%
109.58%
105.58%
109.58%
105.71%
109.71%
105.97%
109.97%
105.58%
109.58%
105.71%
109.71%

10000

f(
1000

100

10

1
1860

1880

10

105.58%
105.71%
105.97%
105.97%
105.84%
105.97%
105.84%
104.16%
103.13%
102.63%
103.01%
103.64%
104.29%
103.90%
104.80%
105.06%
105.84%
106.37%
106.89%
106.76%
106.37%
105.84%
105.19%
104.80%
104.93%
104.80%
104.16%
103.26%
103.26%
103.26%
103.52%
103.26%
103.39%
103.26%
103.64%
103.64%
103.39%
103.26%
103.01%
103.39%
104.29%
104.80%
105.84%
106.24%
107.55%

109.58%
109.71%
109.97%
109.97%
109.84%
109.97%
109.84%
108.16%
107.13%
106.63%
107.01%
107.64%
108.29%
107.90%
108.80%
109.06%
109.84%
110.37%
110.89%
110.76%
110.37%
109.84%
109.19%
108.80%
108.93%
108.80%
108.16%
107.26%
107.26%
107.26%
107.52%
107.26%
107.39%
107.26%
107.64%
107.64%
107.39%
107.26%
107.01%
107.39%
108.29%
108.80%
109.84%
110.24%
111.55%

1
1860

1880

7000

6000

5000

4000

3000

2000

1000

0
1860

1880

118.00%
116.00%
114.00%
112.00%
110.00%
108.00%
106.00%
104.00%
102.00%
100.00%
1860

18

104.00%
102.00%

107.02%
106.24%
105.19%
104.80%
104.16%
103.90%
104.03%
104.03%
103.64%
103.52%
103.13%
102.63%
103.01%
103.52%
104.41%
105.58%
106.37%
106.63%
105.84%
106.63%
107.16%
106.76%
106.10%
106.24%
106.50%
106.50%
105.58%
105.19%
104.80%
104.54%
106.24%
107.42%
107.82%
107.42%
106.63%
106.24%
105.45%
104.80%
105.32%
105.32%
106.37%
107.55%
107.02%
105.71%
104.03%

111.02%
110.24%
109.19%
108.80%
108.16%
107.90%
108.03%
108.03%
107.64%
107.52%
107.13%
106.63%
107.01%
107.52%
108.41%
109.58%
110.37%
110.63%
109.84%
110.63%
111.16%
110.76%
110.10%
110.24%
110.50%
110.50%
109.58%
109.19%
108.80%
108.54%
110.24%
111.42%
111.82%
111.42%
110.63%
110.24%
109.45%
108.80%
109.32%
109.32%
110.37%
111.55%
111.02%
109.71%
108.03%

100.00%
1860

18

103.39%
104.42%
105.06%
104.54%
104.03%
104.42%
104.42%
104.03%
103.90%
103.90%
104.54%
106.10%
106.63%
105.97%
104.93%
104.54%
104.80%
104.93%
105.58%
106.24%
107.16%
108.22%
109.70%
110.79%
110.52%
108.89%
107.82%
107.29%
107.29%
106.76%
107.29%
107.55%
106.89%
107.55%
108.49%
108.09%
107.16%
107.42%
108.49%
109.43%
110.79%
111.06%
111.61%
111.06%
110.93%

107.39%
108.42%
109.06%
108.54%
108.03%
108.42%
108.42%
108.03%
107.90%
107.90%
108.54%
110.10%
110.63%
109.97%
108.93%
108.54%
108.80%
108.93%
109.58%
110.24%
111.16%
112.22%
113.70%
114.79%
114.52%
112.89%
111.82%
111.29%
111.29%
110.76%
111.29%
111.55%
110.89%
111.55%
112.49%
112.09%
111.16%
111.42%
112.49%
113.43%
114.79%
115.06%
115.61%
115.06%
114.93%

110.52%
110.38%
110.24%
111.34%
111.34%
110.79%
110.38%
110.38%
110.11%
109.56%
109.03%
108.76%
108.35%
107.82%
108.22%
108.76%
109.29%
110.11%
109.56%
109.02%
108.09%
107.55%
108.35%
108.49%
107.95%
107.82%
107.69%
107.29%
107.29%
107.16%
106.50%
105.97%
105.84%
107.42%
107.55%
107.55%
106.50%

114.52%
114.38%
114.24%
115.34%
115.34%
114.79%
114.38%
114.38%
114.11%
113.56%
113.03%
112.76%
112.35%
111.82%
112.22%
112.76%
113.29%
114.11%
113.56%
113.02%
112.09%
111.55%
112.35%
112.49%
111.95%
111.82%
111.69%
111.29%
111.29%
111.16%
110.50%
109.97%
109.84%
111.42%
111.55%
111.55%
110.50%

10000

25.00%
20.00%
f(x) = 4.25603062229962E-044 exp( 0.0537067057 x )
15.00%

1000

10.00%
5.00%
100
0.00%
-5.00%
10

-10.00%
-15.00%

1
1860

1880

1900

1920

1940

1960

1980

2000

-20.00%
2020

Column F

Exponentia

Percentage

-5.00%
10

-10.00%
-15.00%

1
1860

1880

1900

1920

1940

1960

1980

-20.00%
2020

2000

7000

6000

5000

4000
Column F

Exponentia

3000

2000

1000

0
1860

1880

1900

1920

1940

1960

1980

2000

2020

118.00%
116.00%
114.00%
112.00%
110.00%
108.00%
106.00%
104.00%
102.00%
100.00%
1860

1880

1900

1920

1940

1960

1980

2000

2020

104.00%
102.00%
100.00%
1860

1880

1900

1920

1940

1960

1980

2000

2020

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

-5.00%

-10.00%

-15.00%

-20.00%
0

Column F
Exponential (Column F)
Percentage change

-5.00%

-10.00%

-15.00%

-20.00%
0

Column F
Exponential (Column F)

2020

Column L

2000

2020

2000

2020

Min HELP repay

HELP interest
HELP early repay bonus
Stocks interest
HELP DEBT (2014)

Year

4000
5.00%
5.00%
4.50%
30700
Scenario 1: Min repayments
HELP debt baHELP cost cumulative
Stocks amount
0
30700.00
0.00
29165.00
1
28235.00
4000.00
30476.09
2
25646.75
8000.00
31846.12
3
22929.09
12000.00
33277.74
4
20075.54
16000.00
34773.71
5
17079.32
20000.00
36336.94
6
13933.28
24000.00
37970.44
7
10629.95
28000.00
39677.37
8
7161.45
32000.00
41461.04
9
3519.52
36000.00
43324.89
10
-304.51
40000.00
45272.52
11
-4319.73
44000.00
47307.71
12
-8535.72
48000.00
49434.40
13 -12962.50
52000.00
51656.68
14 -17610.63
56000.00
53978.87
15 -22491.16
60000.00
56405.45
16 -27615.72
64000.00
58941.11
17 -32996.50
68000.00
61590.76
5000.00
0.00
-5000.00
-10000.00
-15000.00
-20000.00
-25000.00
-30000.00
-35000.00

epayments
Stock cost cumulative
Net
29165.00 -30700.00
29165.00 -30923.91
29165.00 -30965.63
29165.00 -30816.35
29165.00 -30466.83
29165.00 -29907.38
29165.00 -29127.85
29165.00 -28117.58
29165.00 -26865.41
29165.00 -25359.63
29165.00 -23587.97
29165.00 -21537.56
29165.00 -19194.89
29165.00 -16545.82
29165.00 -13575.50
29165.00 -10268.39
29165.00
-6608.17
29165.00
-2577.73

Scenario 2:
HELP debt balance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

5000.00
0.00
-5000.00

10

12

14

16

18

-10000.00

-15000.00

-20000.00

-25000.00

-30000.00

-35000.00

Scenario 1: Min

Scenario 2: Full

14

Scenario 2: Full payof

HELP cost cumulative
Stocks amount Stock cost cumulative
Net
29165.00
0.00
0.00 -29165.00
29165.00
4000.00
4000.00 -29165.00
29165.00
8179.82
8000.00 -28985.18
29165.00
12547.53
12000.00 -28617.47
29165.00
17111.60
16000.00 -28053.40
29165.00
21880.84
20000.00 -27284.16
29165.00
26864.47
24000.00 -26300.53
29165.00
32072.15
28000.00 -25092.85
29165.00
37513.93
32000.00 -23651.07
29165.00
43200.34
36000.00 -21964.66
29165.00
49142.37
40000.00 -20022.63
29165.00
55351.53
44000.00 -17813.47
29165.00
61839.82
48000.00 -15325.18
29165.00
68619.78
52000.00 -12545.22
29165.00
75704.53
56000.00
-9460.47
29165.00
83107.77
60000.00
-6057.23
29165.00
90843.81
64000.00
-2321.19
29165.00
98927.63
68000.00
1762.63

16

18

Scenario 1: Min repayments

Scenario 2: Full payof