104 8: Additional Examples
Automobile Loan
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$\HDUORDQZLWKDQDQQXDOLQWHUHVWUDWHRI
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6HWWR(QGPRGH3UHVV
LIBEGINDQQXQFLDWRULVGLVSOD\HG
&DOFXODWHWKHILUVWRSWLRQ
36.00
6WRUHVWHUPRIORDQ
0.00
(QWHUVDPRXQWOHIWWR
SD\DIWHUSD\PHQWV
–157.03
&DOFXODWHVSD\PHQW
DPRXQW
Keys: Display: Description:
12.00
6HWVSD\PHQWVSHU\HDU
36.00
6WRUHVNQRZQYDOXHV
12,500.00
0.00
3.50
6WRUHVILUVWLQWHUHVW
UDWH
–366.28
&DOFXODWHVSD\PHQW
–13,185.94
&DOFXODWHVWRWDOLQWHUHVW
DQGSULQFLSDO
.book Page 104 Wednesday, June 21, 2000 5:19 PM