Assignment 2 (Fm&a)

LOAN AMMORTISATION SCHEDULE (MONTHLY)
FIXED PRINCIPAL METHOD
YEAR OPENING BALANCE INTEREST PRINCIPAL PAID AMOUNT

1 500000 1666.6666666667 100000 101666.666667
2 400000 1333.3333333333 100000 101333.333333
3 300000 1000 100000 101000
4 200000 666.66666666667 100000 100666.666667
5 100000 333.33333333333 100000 100333.333333
AMOUNT 500000
RATE 4%

1 350000 1166.6666666667 70000 71166.6666667
2 280000 933.33333333333 70000 70933.3333333
3 210000 700 70000 70700
4 140000 466.66666666667 70000 70466.6666667
5 70000 233.33333333333 70000 70233.3333333
AMOUNT 350000
RATE 4%

1 210000 700 42000 42700
2 168000 560 42000 42560
3 126000 420 42000 42420
4 84000 280 42000 42280
5 42000 140 42000 42140
AMOUNT 210000
RATE 4%

1 100000 333.33333333333 20000 20333.3333333
2 80000 266.66666666667 20000 20266.6666667
3 60000 200 20000 20200
4 40000 133.33333333333 20000 20133.3333333
5 20000 66.666666666667 20000 20066.6666667
AMOUNT 100000
RATE 4%

1 43000 143.33333333333 8600 8743.33333333
2 34400 114.66666666667 6880 6994.66666667
3 27520 91.733333333333 5504 5595.73333333
4 22016 73.386666666667 4403.2 4476.58666667
5 17612.8 58.709333333333 3522.56 3581.26933333
AMOUNT 43000
RATE 4%
FIXED PAYMENT METHOD
YEAR OPENING BALANCE INTEREST

1.00 200,000 1333.33333333
2.00 160,530 1070.19859763
3.00 120,796 805.309630362
4.00 80,798 538.654736642
5.00 40,533 270.222143631

1.00 350,000 2916.66666667
2.00 281,157 2342.97487516
3.00 211,740 1764.50231872
4.00 141,745 1181.20915765
5.00 71,167 593.055220229

1.00 120,000 400
2.00 96,159 320.53155852
3.00 72,239 240.798222236
4.00 48,240 160.799108164
5.00 24,160 80.5333303783

1.00 75,000 375
2.00 60,149 300.746259384
3.00 45,224 226.121250065
4.00 30,225 151.1231157
5.00 15,150 75.7499906625

1.00 42,000 70
2.00 33,628 56.0465889537
3.00 25,242 42.0699222224
4.00 16,842 28.0699610465
5.00 8,428 14.0466666019
PRESENT BALANCE YEAR OPENING BALANCE INTEREST
400000 1 500000 2083.33333333333
300000 2 400000 1666.66666666667
200000 3 300000 1250
100000 4 200000 833.333333333333
0 5 100000 416.666666666667
AMOUNT 500000
RATE 5%

280000 1 350000 1458.33333333333
210000 2 280000 1166.66666666667
140000 3 210000 875
70000 4 140000 583.333333333333
0 5 70000 291.666666666667
AMOUNT 350000
RATE 5%

168000 1 210000 875
126000 2 168000 700
84000 3 126000 525
42000 4 84000 350
0 5 42000 175
AMOUNT 210000
RATE 5%

80000 1 100000 416.666666666667
60000 2 80000 333.333333333333
40000 3 60000 250
20000 4 40000 166.666666666667
0 5 20000 83.3333333333333
AMOUNT 100000
RATE 5%

34400 1 43000 179.166666666667
27520 2 34400 143.333333333333
22016 3 25800 107.5
17612.8 4 17200 71.6666666666667
14090.24 5 8600 35.8333333333333
AMOUNT 43000
RATE 5%
PRINCIPAL TOTAL PAYMENT PRESENT BALANCE

39,470 40,804 160,530
39,733 40,804 120,796
39,998 40,804 80,798
40,265 40,804 40,533
40,533 40,804 0

68,843 71,760 281,157
69,417 71,760 211,740
69,995 71,760 141,745
70,578 71,760 71,167
71,167 71,760 0

23,841 24,241 96,159
23,920 24,241 72,239
24,000 24,241 48,240
24,080 24,241 24,160
24,160 24,241 0

14,851 15,226 60,149
14,925 15,226 45,224
15,000 15,226 30,225
15,075 15,226 15,150
15,150 15,226 0

8,372 8,442 33,628
8,386 8,442 25,242
8,400 8,442 16,842
8,414 8,442 8,428
8,428 8,442 0
PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST
100000 102083.3 400000 1 500000 2916.667
100000 101666.7 300000 2 400000 2333.333
100000 101250 200000 3 300000 1750
100000 100833.3 100000 4 200000 1166.667
100000 100416.7 0 5 100000 583.3333
AMOUNT 500000
RATE 7%

70000 71458.33 280000 1 350000 2041.667
70000 71166.67 210000 2 280000 1633.333
70000 70875 140000 3 210000 1225
70000 70583.33 70000 4 140000 816.6667
70000 70291.67 0 5 70000 408.3333
AMOUNT 350000
RATE 7%

42000 42875 168000 1 210000 1225
42000 42700 126000 2 168000 980
42000 42525 84000 3 126000 735
42000 42350 42000 4 84000 490
42000 42175 0 5 42000 245
AMOUNT 210000
RATE 7%

20000 20416.67 80000 1 100000 583.3333
20000 20333.33 60000 2 80000 466.6667
20000 20250 40000 3 60000 350
20000 20166.67 20000 4 40000 233.3333
20000 20083.33 0 5 20000 116.6667
AMOUNT 100000
RATE 7%

8600 8779.167 34400 1 43000 250.8333
8600 8743.333 25800 2 34400 200.6667
8600 8707.5 17200 3 25800 150.5
8600 8671.667 8600 4 17200 100.3333
8600 8635.833 0 5 8600 50.16667
AMOUNT 43000
RATE 7%
AMOUNT ###
RATE 8% 0.00666666666667
TIME 5
PAYMENT 40803.54
AMOUNT ###
RATE 10% 0.00833333333333
TIME 5
PAYMENT 71759.68
AMOUNT ###
RATE 4% 0.00333333333333
TIME 5
PAYMENT 24240.53
AMOUNT 75000.00
RATE 6% 0.005
TIME 5
PAYMENT 15225.75
AMOUNT 42000.00
RATE 2% 0.00166666666667
TIME 5
PAYMENT 8442.047
100000 102916.7 400000 1 500000 3333.333
100000 102333.3 300000 2 400000 2666.667
100000 101750 200000 3 300000 2000
100000 101166.7 100000 4 200000 1333.333
100000 100583.3 0 5 100000 666.6667
AMOUNT 500000
RATE 8%

70000 72041.67 280000 1 350000 2333.333
70000 71633.33 210000 2 280000 1866.667
70000 71225 140000 3 210000 1400
70000 70816.67 70000 4 140000 933.3333
70000 70408.33 0 5 70000 466.6667
AMOUNT 350000
RATE 8%

42000 43225 168000 1 210000 1400
42000 42980 126000 2 168000 1120
42000 42735 84000 3 126000 840
42000 42490 42000 4 84000 560
42000 42245 0 5 42000 280
AMOUNT 210000
RATE 8%

20000 20583.33 80000 1 100000 666.6667
20000 20466.67 60000 2 80000 533.3333
20000 20350 40000 3 60000 400
20000 20233.33 20000 4 40000 266.6667
20000 20116.67 0 5 20000 133.3333
AMOUNT 100000
RATE 8%

8600 8850.833 34400 1 43000 286.6667
8600 8800.667 25800 2 34400 229.3333
8600 8750.5 17200 3 25800 172
8600 8700.333 8600 4 17200 114.6667
8600 8650.167 0 5 8600 57.33333
AMOUNT 43000
RATE 8%
100000 103333.3 400000 1 500000 3750
100000 102666.7 300000 2 400000 3000
100000 102000 200000 3 300000 2250
100000 101333.3 100000 4 200000 1500
100000 100666.7 0 5 100000 750
AMOUNT 500000
RATE 9%

70000 72333.33 280000 1 350000 2625
70000 71866.67 210000 2 280000 2100
70000 71400 140000 3 210000 1575
70000 70933.33 70000 4 140000 1050
70000 70466.67 0 5 70000 525
AMOUNT 350000
RATE 9%

42000 43400 168000 1 210000 1575
42000 43120 126000 2 168000 1260
42000 42840 84000 3 126000 945
42000 42560 42000 4 84000 630
42000 42280 0 5 42000 315
AMOUNT 210000
RATE 9%

20000 20666.67 80000 1 100000 750
20000 20533.33 60000 2 80000 600
20000 20400 40000 3 60000 450
20000 20266.67 20000 4 40000 300
20000 20133.33 0 5 20000 150
AMOUNT 100000
RATE 9%

8600 8886.667 34400 1 43000 322.5
8600 8829.333 25800 2 34400 258
8600 8772 17200 3 25800 193.5
8600 8714.667 8600 4 17200 129
8600 8657.333 0 5 8600 64.5
AMOUNT 43000
RATE 9%
PRINCIPAL PAID AMOUNT PRESENT BALANCE
100000 103750 400000
100000 103000 300000
100000 102250 200000
100000 101500 100000
100000 100750 0

70000 72625 280000
70000 72100 210000
70000 71575 140000
70000 71050 70000
70000 70525 0

42000 43575 168000
42000 43260 126000
42000 42945 84000
42000 42630 42000
42000 42315 0

20000 20750 80000
20000 20600 60000
20000 20450 40000
20000 20300 20000
20000 20150 0

8600 8922.5 34400
8600 8858 25800
8600 8793.5 17200
8600 8729 8600
8600 8664.5 0
LOAN AMMORTISATION SCHEDULE (QUARTERLY)
YEAR OPENING INTEREST PRINCIPAL PAAMOUNT

1 500000 5000 100000 105000
2 400000 4000 100000 104000
3 300000 3000 100000 103000
4 200000 2000 100000 102000
5 100000 1000 100000 101000
AMOUNT 500000
RATE 4%

1 350000 3500 70000 73500
2 280000 2800 70000 72800
3 210000 2100 70000 72100
4 140000 1400 70000 71400
5 70000 700 70000 70700
AMOUNT 350000
RATE 4%

1 210000 2100 42000 44100
2 168000 1680 42000 43680
3 126000 1260 42000 43260
4 84000 840 42000 42840
5 42000 420 42000 42420
AMOUNT 210000
RATE 4%

1 100000 1000 20000 21000
2 80000 800 20000 20800
3 60000 600 20000 20600
4 40000 400 20000 20400
5 20000 200 20000 20200
AMOUNT 100000
RATE 4%

1 43000 430 8600 9030
2 34400 344 6880 7224
3 27520 275.2 5504 5779.2
4 22016 220.16 4403.2 4623.36
5 17612.8 176.128 3522.56 3698.688
AMOUNT 43000
RATE 4%
YEAR OPENING BALANCE INTEREST PRINCIPAL

1.00 200,000 4000 38,432
2.00 161,568 3231.366424 39,200
3.00 122,368 2447.360176 39,984
4.00 82,384 1647.673803 40,784
5.00 41,600 831.9937024 41,600

1.00 350,000 8750 66,586
2.00 283,414 7085.339967 68,251
3.00 215,163 5379.063433 69,957
4.00 145,205 3630.129986 71,706
5.00 73,499 1837.473203 73,499

1.00 120,000 1200 23,525
2.00 96,475 964.7522405 23,760
3.00 72,715 727.1520033 23,998
4.00 48,718 487.1757638 24,238
5.00 24,480 244.7997619 24,480

1.00 75,000 1125 14,557
2.00 60,443 906.6495115 14,775
3.00 45,668 685.0237657 14,997
4.00 30,672 460.0736337 15,222
5.00 15,450 231.7492497 15,450
1.00 42,000 210 8,316
2.00 33,684 168.4179053 8,358
3.00 25,326 126.6279 8,400
4.00 16,926 84.62894479 8,442
5.00 8,484 42.41999477 8,484
PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL PAIDAMOUNT
400000 1 500000 6250 100000 106250
300000 2 400000 5000 100000 105000
200000 3 300000 3750 100000 103750
100000 4 200000 2500 100000 102500
0 5 100000 1250 100000 101250
AMOUNT 500000
RATE 5%

280000 1 350000 4375 70000 74375
210000 2 280000 3500 70000 73500
140000 3 210000 2625 70000 72625
70000 4 140000 1750 70000 71750
0 5 70000 875 70000 70875
AMOUNT 350000
RATE 5%

168000 1 210000 2625 42000 44625
126000 2 168000 2100 42000 44100
84000 3 126000 1575 42000 43575
42000 4 84000 1050 42000 43050
0 5 42000 525 42000 42525
AMOUNT 210000
RATE 5%

80000 1 100000 1250 20000 21250
60000 2 80000 1000 20000 21000
40000 3 60000 750 20000 20750
20000 4 40000 500 20000 20500
0 5 20000 250 20000 20250
AMOUNT 100000
RATE 5%

34400 1 43000 537.5 8600 9137.5
27520 2 34400 430 8600 9030
22016 3 25800 322.5 8600 8922.5
17612.8 4 17200 215 8600 8815
14090.24 5 8600 107.5 8600 8707.5
AMOUNT 43000
RATE 5%
TOTAL PAYMENT PRESENT BALANCE

42,432 161,568
42,432 122,368
42,432 82,384
42,432 41,600 AMOUNT 200000.00
42,432 0 RATE 8% 0.02
TIME 5
PAYMENT 42431.678821

75,336 283,414 AMOUNT 350000.00
75,336 215,163 RATE 10% 0.025
75,336 145,205 TIME 5
75,336 73,499 PAYMENT 75336.401318
75,336 0

24,725 96,475 AMOUNT 120000.00
24,725 72,715 RATE 4% 0.01
24,725 48,718 TIME 5
24,725 24,480 PAYMENT 24724.775954
24,725 0

15,682 60,443
15,682 45,668 AMOUNT 75000.00
15,682 30,672 RATE 6% 0.015
15,682 15,450 TIME 5
15,682 0 PAYMENT 15681.699232
8,526 33,684
8,526 25,326 AMOUNT 42000.00
8,526 16,926 RATE 2% 0.005
8,526 8,484 TIME 5
8,526 0 PAYMENT 8526.418949
PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE
400000 1 500000 8750 100000 108750 400000
300000 2 400000 7000 100000 107000 300000
200000 3 300000 5250 100000 105250 200000
100000 4 200000 3500 100000 103500 100000
0 5 100000 1750 100000 101750 0
AMOUNT 500000
RATE 7%

280000 1 350000 6125 70000 76125 280000
210000 2 280000 4900 70000 74900 210000
140000 3 210000 3675 70000 73675 140000
70000 4 140000 2450 70000 72450 70000
0 5 70000 1225 70000 71225 0
AMOUNT 350000
RATE 7%

168000 1 210000 3675 42000 45675 168000
126000 2 168000 2940 42000 44940 126000
84000 3 126000 2205 42000 44205 84000
42000 4 84000 1470 42000 43470 42000
0 5 42000 735 42000 42735 0
AMOUNT 210000
RATE 7%

80000 1 100000 1750 20000 21750 80000
60000 2 80000 1400 20000 21400 60000
40000 3 60000 1050 20000 21050 40000
20000 4 40000 700 20000 20700 20000
0 5 20000 350 20000 20350 0
AMOUNT 100000
RATE 7%

34400 1 43000 752.5 8600 9352.5 34400
25800 2 34400 602 8600 9202 25800
17200 3 25800 451.5 8600 9051.5 17200
8600 4 17200 301 8600 8901 8600
0 5 8600 150.5 8600 8750.5 0
AMOUNT 43000
RATE 7%
YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE YEAR
1 500000 10000 100000 110000 400000 1
2 400000 8000 100000 108000 300000 2
3 300000 6000 100000 106000 200000 3
4 200000 4000 100000 104000 100000 4
5 100000 2000 100000 102000 0 5
AMOUNT 500000 AMOUNT

RATE 8% RATE

1 350000 7000 70000 77000 280000 1
2 280000 5600 70000 75600 210000 2
3 210000 4200 70000 74200 140000 3
4 140000 2800 70000 72800 70000 4
5 70000 1400 70000 71400 0 5

RATE 8% RATE

1 210000 4200 42000 46200 168000 1
2 168000 3360 42000 45360 126000 2
3 126000 2520 42000 44520 84000 3
4 84000 1680 42000 43680 42000 4
5 42000 840 42000 42840 0 5

RATE 8% RATE

1 100000 2000 20000 22000 80000 1
2 80000 1600 20000 21600 60000 2
3 60000 1200 20000 21200 40000 3
4 40000 800 20000 20800 20000 4
5 20000 400 20000 20400 0 5

RATE 8% RATE

1 43000 860 8600 9460 34400 1
2 34400 688 8600 9288 25800 2
3 25800 516 8600 9116 17200 3
4 17200 344 8600 8944 8600 4
5 8600 172 8600 8772 0 5
AMOUNT 43000 AMOUNT

RATE 8% RATE
OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE
500000 11250 100000 111250 400000
400000 9000 100000 109000 300000
300000 6750 100000 106750 200000
200000 4500 100000 104500 100000
100000 2250 100000 102250 0
500000
9%

350000 7875 70000 77875 280000
280000 6300 70000 76300 210000
210000 4725 70000 74725 140000
140000 3150 70000 73150 70000
70000 1575 70000 71575 0
350000
9%

210000 4725 42000 46725 168000
168000 3780 42000 45780 126000
126000 2835 42000 44835 84000
84000 1890 42000 43890 42000
42000 945 42000 42945 0
210000
9%

100000 2250 20000 22250 80000
80000 1800 20000 21800 60000
60000 1350 20000 21350 40000
40000 900 20000 20900 20000
20000 450 20000 20450 0
100000
9%

43000 967.5 8600 9567.5 34400
34400 774 8600 9374 25800
25800 580.5 8600 9180.5 17200
17200 387 8600 8987 8600
8600 193.5 8600 8793.5 0
43000
9%
LOAN AMMORTISATION SCHEDULE (HALF YEARLY)
YEAR OPENING INTEREST PRINCIPAL PAID AMOUNT

1 500000 10000 100000 110000
2 400000 8000 100000 108000
3 300000 6000 100000 106000
4 200000 4000 100000 104000
5 100000 2000 100000 102000
AMOUNT 500000
RATE 4%

1 350000 7000 70000 77000
2 280000 5600 70000 75600
3 210000 4200 70000 74200
4 140000 2800 70000 72800
5 70000 1400 70000 71400
AMOUNT 350000
RATE 4%

1 210000 4200 42000 46200
2 168000 3360 42000 45360
3 126000 2520 42000 44520
4 84000 1680 42000 43680
5 42000 840 42000 42840
AMOUNT 210000
RATE 4%

1 100000 2000 20000 22000
2 80000 1600 20000 21600
3 60000 1200 20000 21200
4 40000 800 20000 20800
5 20000 400 20000 20400
AMOUNT 100000
RATE 4%

1 43000 860 8600 9460
2 34400 688 6880 7568
3 27520 550.4 5504 6054.4
4 22016 440.32 4403.2 4843.52
5 17612.8 352.256 3522.56 3874.816
AMOUNT 43000
RATE 4%

1.00 200,000 8000
2.00 163,075 6522.98309206
3.00 124,672 4986.88550779
4.00 84,734 3389.34402016
5.00 43,198 1727.90087302

1.00 350,000 17500
2.00 286,659 14332.9410328
3.00 220,151 11007.5291171
4.00 150,317 7515.84660576
5.00 76,992 3849.5799688

1.00 120,000 2400
2.00 96,941 1938.81985415
3.00 73,421 1468.41610538
4.00 49,430 988.60428164
5.00 24,960 499.196221422

1.00 75,000 2250
2.00 60,873 1826.20221435
3.00 46,323 1389.69049513
4.00 31,336 940.08342433
5.00 15,900 476.988141409

1.00 42,000 420
2.00 33,766 337.663284161
3.00 25,450 254.503201164
4.00 17,051 170.511517337
5.00 8,568 85.6799166719
PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT
400000 1 500000 12500 100000 112500
300000 2 400000 10000 100000 110000
200000 3 300000 7500 100000 107500
100000 4 200000 5000 100000 105000
0 5 100000 2500 100000 102500
AMOUNT 500000
RATE 5%

280000 1 350000 8750 70000 78750
210000 2 280000 7000 70000 77000
140000 3 210000 5250 70000 75250
70000 4 140000 3500 70000 73500
0 5 70000 1750 70000 71750
AMOUNT 350000
RATE 5%

168000 1 210000 5250 42000 47250
126000 2 168000 4200 42000 46200
84000 3 126000 3150 42000 45150
42000 4 84000 2100 42000 44100
0 5 42000 1050 42000 43050
AMOUNT 210000
RATE 5%

80000 1 100000 2500 20000 22500
60000 2 80000 2000 20000 22000
40000 3 60000 1500 20000 21500
20000 4 40000 1000 20000 21000
0 5 20000 500 20000 20500
AMOUNT 100000
RATE 5%

34400 1 43000 1075 8600 9675
27520 2 34400 860 8600 9460
22016 3 25800 645 8600 9245
17612.8 4 17200 430 8600 9030
14090.24 5 8600 215 8600 8815
AMOUNT 43000
RATE 5%

36,925 44,925 163,075
38,402 44,925 124,672
39,939 44,925 84,734
41,536 44,925 43,198 AMOUNT 200000.00
43,198 44,925 0 RATE 8%
TIME 5
PAYMENT 44925.4226986

63,341 80,841 286,659 AMOUNT 350000.00
66,508 80,841 220,151 RATE 10%
69,834 80,841 150,317 TIME 5
73,325 80,841 76,992 PAYMENT 80841.1793449
76,992 80,841 0

23,059 25,459 96,941 AMOUNT 120000.00
23,520 25,459 73,421 RATE 4%
23,991 25,459 49,430 TIME 5
24,470 25,459 24,960 PAYMENT 25459.0072925
24,960 25,459 0

14,127 16,377 60,873
14,550 16,377 46,323 AMOUNT 75000.00
14,987 16,377 31,336 RATE 6%
15,437 16,377 15,900 TIME 5
15,900 16,377 0 PAYMENT 16376.592855

8,234 8,654 33,766
8,316 8,654 25,450 AMOUNT 42000.00
8,399 8,654 17,051 RATE 2%
8,483 8,654 8,568 TIME 5
8,568 8,654 0 PAYMENT 8653.67158387
400000 1 500000 17500 100000 117500 400000
300000 2 400000 14000 100000 114000 300000
200000 3 300000 10500 100000 110500 200000
100000 4 200000 7000 100000 107000 100000
0 5 100000 3500 100000 103500 0
AMOUNT 500000
RATE 7%

280000 1 350000 12250 70000 82250 280000
210000 2 280000 9800 70000 79800 210000
140000 3 210000 7350 70000 77350 140000
70000 4 140000 4900 70000 74900 70000
0 5 70000 2450 70000 72450 0
AMOUNT 350000
RATE 7%

168000 1 210000 7350 42000 49350 168000
126000 2 168000 5880 42000 47880 126000
84000 3 126000 4410 42000 46410 84000
42000 4 84000 2940 42000 44940 42000
0 5 42000 1470 42000 43470 0
AMOUNT 210000
RATE 7%

80000 1 100000 3500 20000 23500 80000
60000 2 80000 2800 20000 22800 60000
40000 3 60000 2100 20000 22100 40000
20000 4 40000 1400 20000 21400 20000
0 5 20000 700 20000 20700 0
AMOUNT 100000
RATE 7%

34400 1 43000 1505 8600 10105 34400
25800 2 34400 1204 8600 9804 25800
17200 3 25800 903 8600 9503 17200
8600 4 17200 602 8600 9202 8600
0 5 8600 301 8600 8901 0
AMOUNT 43000
RATE 7%
0.04
0.05
0.02
0.03
0.01
1 500000 20000 100000 120000 400000 1
2 400000 16000 100000 116000 300000 2
3 300000 12000 100000 112000 200000 3
4 200000 8000 100000 108000 100000 4
5 100000 4000 100000 104000 0 5

RATE 8% RATE

1 350000 14000 70000 84000 280000 1
2 280000 11200 70000 81200 210000 2
3 210000 8400 70000 78400 140000 3
4 140000 5600 70000 75600 70000 4
5 70000 2800 70000 72800 0 5

RATE 8% RATE

1 210000 8400 42000 50400 168000 1
2 168000 6720 42000 48720 126000 2
3 126000 5040 42000 47040 84000 3
4 84000 3360 42000 45360 42000 4
5 42000 1680 42000 43680 0 5

RATE 8% RATE

1 100000 4000 20000 24000 80000 1
2 80000 3200 20000 23200 60000 2
3 60000 2400 20000 22400 40000 3
4 40000 1600 20000 21600 20000 4
5 20000 800 20000 20800 0 5

RATE 8% RATE

1 43000 1720 8600 10320 34400 1
2 34400 1376 8600 9976 25800 2
3 25800 1032 8600 9632 17200 3
4 17200 688 8600 9288 8600 4
5 8600 344 8600 8944 0 5
AMOUNT 43000 AMOUNT

RATE 8% RATE
500000 22500 100000 122500 400000
400000 18000 100000 118000 300000
300000 13500 100000 113500 200000
200000 9000 100000 109000 100000
100000 4500 100000 104500 0
500000
9%

350000 15750 70000 85750 280000
280000 12600 70000 82600 210000
210000 9450 70000 79450 140000
140000 6300 70000 76300 70000
70000 3150 70000 73150 0
350000
9%

210000 9450 42000 51450 168000
168000 7560 42000 49560 126000
126000 5670 42000 47670 84000
84000 3780 42000 45780 42000
42000 1890 42000 43890 0
210000
9%

100000 4500 20000 24500 80000
80000 3600 20000 23600 60000
60000 2700 20000 22700 40000
40000 1800 20000 21800 20000
20000 900 20000 20900 0
100000
9%

43000 1935 8600 10535 34400
34400 1548 8600 10148 25800
25800 1161 8600 9761 17200
17200 774 8600 9374 8600
8600 387 8600 8987 0
43000
9%
LOAN AMMORTISATION SCHEDULE (ANNUALLY)

1 500000 20000 100000 120000
2 400000 16000 100000 116000
3 300000 12000 100000 112000
4 200000 8000 100000 108000
5 100000 4000 100000 104000
AMOUNT 500000
RATE 4%

1 350000 14000 70000 84000
2 280000 11200 70000 81200
3 210000 8400 70000 78400
4 140000 5600 70000 75600
5 70000 2800 70000 72800
AMOUNT 350000
RATE 4%

1 210000 8400 42000 50400
2 168000 6720 42000 48720
3 126000 5040 42000 47040
4 84000 3360 42000 45360
5 42000 1680 42000 43680
AMOUNT 210000
RATE 4%

1 100000 4000 20000 24000
2 80000 3200 20000 23200
3 60000 2400 20000 22400
4 40000 1600 20000 21600
5 20000 800 20000 20800
AMOUNT 100000
RATE 4%

1 43000 1720 8600 10320
2 34400 1376 6880 8256
3 27520 1100.8 5504 6604.8
4 22016 880.64 4403.2 5283.84
5 17612.8 704.512 3522.56 4227.072
AMOUNT 43000
RATE 4%

1.00 200,000 16000 34,091
2.00 165,909 13272.6967269 36,819
3.00 129,090 10327.209192 39,764
4.00 89,326 7146.08265431 42,945
5.00 46,381 3710.46599358 46,381

1.00 350,000 35000 57,329
2.00 292,671 29267.0881722 63,062
3.00 229,609 22960.8851616 69,368
4.00 160,241 16024.0618499 76,305
5.00 83,936 8393.55620711 83,936

1.00 120,000 4800 22,155
2.00 97,845 3913.78985523 23,041
3.00 74,803 2992.13130468 23,963
4.00 50,840 2033.6064121 24,922
5.00 25,919 1036.74052381 25,919

1.00 75,000 4500 13,305
2.00 61,695 3701.71619806 14,103
3.00 47,592 2855.535368 14,949
4.00 32,643 1958.58368814 15,846
5.00 16,797 1007.81490749 16,797
1.00 42,000 840 8,071
2.00 33,929 678.586948952 8,232
3.00 25,697 513.945636884 8,397
4.00 17,301 346.011498574 8,565
5.00 8,736 174.718677498 8,736
PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL PAIAMOUNT PRESENT BALANCE
400000 1 500000 25000 100000 125000 400000
300000 2 400000 20000 100000 120000 300000
200000 3 300000 15000 100000 115000 200000
100000 4 200000 10000 100000 110000 100000
0 5 100000 5000 100000 105000 0
AMOUNT 500000
RATE 5%

280000 1 350000 17500 70000 87500 280000
210000 2 280000 14000 70000 84000 210000
140000 3 210000 10500 70000 80500 140000
70000 4 140000 7000 70000 77000 70000
0 5 70000 3500 70000 73500 0
AMOUNT 350000
RATE 5%

168000 1 210000 10500 42000 52500 168000
126000 2 168000 8400 42000 50400 126000
84000 3 126000 6300 42000 48300 84000
42000 4 84000 4200 42000 46200 42000
0 5 42000 2100 42000 44100 0
AMOUNT 210000
RATE 5%

80000 1 100000 5000 20000 25000 80000
60000 2 80000 4000 20000 24000 60000
40000 3 60000 3000 20000 23000 40000
20000 4 40000 2000 20000 22000 20000
0 5 20000 1000 20000 21000 0
AMOUNT 100000
RATE 5%

34400 1 43000 2150 8600 10750 34400
27520 2 34400 1720 8600 10320 25800
22016 3 25800 1290 8600 9890 17200
17612.8 4 17200 860 8600 9460 8600
14090.24 5 8600 430 8600 9030 0
AMOUNT 43000
RATE 5%

50,091 165,909
50,091 129,090
50,091 89,326
50,091 46,381 AMOUNT 200000.00
50,091 0 RATE 8%
TIME 5
PAYMENT 50091.29091

92,329 292,671 AMOUNT 350000.00
92,329 229,609 RATE 10%
92,329 160,241 TIME 5
92,329 83,936 PAYMENT 92329.11828
92,329 0

26,955 97,845 AMOUNT 120000.00
26,955 74,803 RATE 4%
26,955 50,840 TIME 5
26,955 25,919 PAYMENT 26955.25362
26,955 0

17,805 61,695
17,805 47,592 AMOUNT 75000.00
17,805 32,643 RATE 6%
17,805 16,797 TIME 5
17,805 0 PAYMENT 17804.73003
8,911 33,929
8,911 25,697 AMOUNT 42000.00
8,911 17,301 RATE 2%
8,911 8,736 TIME 5
8,911 0 PAYMENT 8910.652552
PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE YEAR OPENING
1 500000 35000 100000 135000 400000 1 500000
2 400000 28000 100000 128000 300000 2 400000
3 300000 21000 100000 121000 200000 3 300000
4 200000 14000 100000 114000 100000 4 200000
5 100000 7000 100000 107000 0 5 100000
AMOUNT 500000 AMOUNT 500000

RATE 7% RATE 8%
1 350000 24500 70000 94500 280000 1 350000
2 280000 19600 70000 89600 210000 2 280000
3 210000 14700 70000 84700 140000 3 210000
4 140000 9800 70000 79800 70000 4 140000
5 70000 4900 70000 74900 0 5 70000

RATE 7% RATE 8%
1 210000 14700 42000 56700 168000 1 210000
2 168000 11760 42000 53760 126000 2 168000
3 126000 8820 42000 50820 84000 3 126000
4 84000 5880 42000 47880 42000 4 84000
5 42000 2940 42000 44940 0 5 42000

RATE 7% RATE 8%
1 100000 7000 20000 27000 80000 1 100000
2 80000 5600 20000 25600 60000 2 80000
3 60000 4200 20000 24200 40000 3 60000
4 40000 2800 20000 22800 20000 4 40000
5 20000 1400 20000 21400 0 5 20000

RATE 7% RATE 8%
1 43000 3010 8600 11610 34400 1 43000
2 34400 2408 8600 11008 25800 2 34400
3 25800 1806 8600 10406 17200 3 25800
4 17200 1204 8600 9804 8600 4 17200
5 8600 602 8600 9202 0 5 8600

RATE 7% RATE 8%
INTEREST PRINCIPAL AMOUNT PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT
40000 100000 140000 400000 1 500000 45000 100000 145000
32000 100000 132000 300000 2 400000 36000 100000 136000
24000 100000 124000 200000 3 300000 27000 100000 127000
16000 100000 116000 100000 4 200000 18000 100000 118000
8000 100000 108000 0 5 100000 9000 100000 109000
AMOUNT 500000
RATE 9%
28000 70000 98000 280000 1 350000 31500 70000 101500
22400 70000 92400 210000 2 280000 25200 70000 95200
16800 70000 86800 140000 3 210000 18900 70000 88900
11200 70000 81200 70000 4 140000 12600 70000 82600
5600 70000 75600 0 5 70000 6300 70000 76300
AMOUNT 350000
RATE 9%
16800 42000 58800 168000 1 210000 18900 42000 60900
13440 42000 55440 126000 2 168000 15120 42000 57120
10080 42000 52080 84000 3 126000 11340 42000 53340
6720 42000 48720 42000 4 84000 7560 42000 49560
3360 42000 45360 0 5 42000 3780 42000 45780
AMOUNT 210000
RATE 9%
8000 20000 28000 80000 1 100000 9000 20000 29000
6400 20000 26400 60000 2 80000 7200 20000 27200
4800 20000 24800 40000 3 60000 5400 20000 25400
3200 20000 23200 20000 4 40000 3600 20000 23600
1600 20000 21600 0 5 20000 1800 20000 21800
AMOUNT 100000
RATE 9%
3440 8600 12040 34400 1 43000 3870 8600 12470
2752 8600 11352 25800 2 34400 3096 8600 11696
2064 8600 10664 17200 3 25800 2322 8600 10922
1376 8600 9976 8600 4 17200 1548 8600 10148
688 8600 9288 0 5 8600 774 8600 9374
AMOUNT 43000
RATE 9%
PRESENT BALANCE
400000
300000
200000
100000
0
PRESENT BALANCE
280000
210000
140000
70000
0
PRESENT BALANCE
168000
126000
84000
42000
0
PRESENT BALANCE
80000
60000
40000
20000
0
PRESENT BALANCE
34400
25800
17200
8600
0

Assignment 2 (Fm&amp;a)

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Assignment 2 (Fm&amp;a)

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LOAN AMMORTISATION SCHEDULE (MONTHLY)

FIXED PRINCIPAL METHOD

YEAR OPENING BALANCE INTEREST PRINCIPAL PAID AMOUNT

YEAR OPENING BALANCE INTEREST PRINCIPAL PAID AMOUNT

YEAR OPENING BALANCE INTEREST PRINCIPAL PAID AMOUNT

YEAR OPENING BALANCE INTEREST PRINCIPAL PAID AMOUNT

YEAR OPENING BALANCE INTEREST PRINCIPAL PAID AMOUNT

FIXED PAYMENT METHOD

YEAR OPENING BALANCE INTEREST

YEAR OPENING BALANCE INTEREST

YEAR OPENING BALANCE INTEREST

YEAR OPENING BALANCE INTEREST

YEAR OPENING BALANCE INTEREST

PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL TOTAL PAYMENT PRESENT BALANCE

PRINCIPAL TOTAL PAYMENT PRESENT BALANCE

PRINCIPAL TOTAL PAYMENT PRESENT BALANCE

PRINCIPAL TOTAL PAYMENT PRESENT BALANCE

PRINCIPAL TOTAL PAYMENT PRESENT BALANCE

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE YEAR OPENING BALANCE INTEREST

PRINCIPAL PAID AMOUNT PRESENT BALANCE

PRINCIPAL PAID AMOUNT PRESENT BALANCE

PRINCIPAL PAID AMOUNT PRESENT BALANCE

PRINCIPAL PAID AMOUNT PRESENT BALANCE

YEAR OPENING INTEREST PRINCIPAL PAAMOUNT

YEAR OPENING INTEREST PRINCIPAL PAAMOUNT

YEAR OPENING INTEREST PRINCIPAL PAAMOUNT

YEAR OPENING INTEREST PRINCIPAL PAAMOUNT

YEAR OPENING INTEREST PRINCIPAL PAAMOUNT

FIXED PAYMENT METHOD

YEAR OPENING BALANCE INTEREST PRINCIPAL

YEAR OPENING BALANCE INTEREST PRINCIPAL

YEAR OPENING BALANCE INTEREST PRINCIPAL

YEAR OPENING BALANCE INTEREST PRINCIPAL

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL PAIDAMOUNT

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL PAIDAMOUNT

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL PAIDAMOUNT

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL PAIDAMOUNT

TOTAL PAYMENT PRESENT BALANCE

TOTAL PAYMENT PRESENT BALANCE

TOTAL PAYMENT PRESENT BALANCE

TOTAL PAYMENT PRESENT BALANCE

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE

PRESENT BALANCE YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE

AMOUNT 500000 AMOUNT

YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE YEAR

AMOUNT 350000 AMOUNT

YEAR OPENING INTEREST PRINCIPAL AMOUNT PRESENT BALANCE YEAR

Assignment 2 (Fm&a)

Assignment 2 (Fm&a)