Time Value of Money Project

Shawn Stecher FIN3400

1.)
Coupon
Maturity Date
Interest paid semiannually
Par Value
Market interest rate
Market Value

8%
2038
2
$1,000
10%
$857.44

2.)
Coupon
Maturity Date
Interest paid semiannually
Par Value
Market Interest Rate
Market Value

9%
2028
2
$1,000
8%
$1,131.46

3.)
Coupon
Maturity Date
Interest paid semiannually
Par Value
Market Price
YTM

9%
2027
2
$1,000
$955.00
9.6%

4.)
Coupon
Par Value
Market Price
Current Yield

9%
$1,000
$955.00
9.4%

5.)
Risk Free Rate
Market Return
beta
Expected ROR
6.)
Maturity
Market Rate
Par Value
Sale Price
7.)
Dividend
RR
Price Per Share

7%
10%
1.3
20.0%

9
7%
$1,000
543.93

$12
6%
$200

25
Int Pmt
PV Bond

40
$817.44
$857.44

Int Pmt
PV Bond

45
$1,086.46
$1,131.46

15

14

8.)
Growth Rate
Dividend
RRR
A.) Price per Share
B.)
Price per Share
Dividend
Growth Rate
RRR

$40
$1.50
4%
7.9%

9.)
State of Nature
Boom
Average
Recession
Expected Return
10.)
Investment
A.
B.
C.
Portfolio Rate of Return
11.)
Principle
Interest
Term
Pmt

5%
$2
8%
15.38

Probability
25%
60%
15%

# of Shares

Return
Return
20%
5.00%
8%
4.80%
0%
0.00%
9.80%

Price/Share Exp. Return Weight

2000
$20
10%
33%
3000
$10
15%
50%
1000
$15
8%
17%
12%

Twelfth Payment
Interest over 20 years

work shown on tab "Problem 11"

$200,000
6%
30
$1,210.82
Interest
Principle
$
1,000.00 $
210.82
Interest
Principle
$
988.11 $
222.70
$
224,375.44

12.)
Principle
Term
Rate
Payment
Loan Balance
Interest in year 9

work shown on tab "Problem 12"

$
250,000.00
15
6%
$
2,145.06
$
140,061.38
$
7,918.88

First Payment

13.) Age: 28 Retire at: 60

Years:

32

Avg Return
Common Stocks
Corporate Bonds

10%
6%

$4,971.72
$11,002.34

Government Bonds
CD

4%
3.50%

14.)
Present Value of $2K
Take the $215,000 in cash

$211,850.87

15.)
Time to 62
Time to 55
Time to dead
Years after savings
Expected Return
Amt of cash used
Monthly amt to save

$15,335.18
$16,851.70

32 years
25
97
42
10%
$

36,000

$ 1,512,000
$1,281.18

Return
3%
8%
1%

Principle
Interest
Term
Pmt #
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
31
32
33
34
35
36
37
38
39
40
41
42
43
44

200,000
6%
30
Payment
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

Interest
1,000.00
$ 998.95
$ 997.89
$ 996.82
$ 995.75
$ 994.68
$ 993.60
$ 992.51
$ 991.42
$ 990.32
$ 989.22
$ 988.11
$ 987.00
$ 985.88
$ 984.75
$ 983.62
$ 982.49
$ 981.35
$ 980.20
$ 979.05
$ 977.89
$ 976.72
$ 975.55
$ 974.37
$ 973.19
$ 972.00
$ 970.81
$ 969.61
$ 968.40
$ 967.19
$ 965.97
$ 964.75
$ 963.52
$ 962.28
$ 961.04
$ 959.79
$ 958.54
$ 957.28
$ 956.01
$ 954.73
$ 953.45
$ 952.17
$ 950.87
$ 949.57

Principle
$ 210.82
$ 211.87
$ 212.93
$ 213.99
$ 215.06
$ 216.14
$ 217.22
$ 218.31
$ 219.40
$ 220.49
$ 221.60
$ 222.70
$ 223.82
$ 224.94
$ 226.06
$ 227.19
$ 228.33
$ 229.47
$ 230.62
$ 231.77
$ 232.93
$ 234.09
$ 235.26
$ 236.44
$ 237.62
$ 238.81
$ 240.00
$ 241.20
$ 242.41
$ 243.62
$ 244.84
$ 246.06
$ 247.30
$ 248.53
$ 249.77
$ 251.02
$ 252.28
$ 253.54
$ 254.81
$ 256.08
$ 257.36
$ 258.65
$ 259.94
$ 261.24

Balance
$ 199,789.18
$ 199,577.32
$ 199,364.39
$ 199,150.39
$ 198,935.33
$ 198,719.19
$ 198,501.97
$ 198,283.67
$ 198,064.27
$ 197,843.78
$ 197,622.18
$ 197,399.48
$ 197,175.66
$ 196,950.72
$ 196,724.66
$ 196,497.47
$ 196,269.14
$ 196,039.67
$ 195,809.05
$ 195,577.28
$ 195,344.35
$ 195,110.26
$ 194,875.00
$ 194,638.56
$ 194,400.94
$ 194,162.12
$ 193,922.12
$ 193,680.92
$ 193,438.50
$ 193,194.88
$ 192,950.04
$ 192,703.98
$ 192,456.68
$ 192,208.15
$ 191,958.37
$ 191,707.35
$ 191,455.07
$ 191,201.53
$ 190,946.73
$ 190,690.64
$ 190,433.28
$ 190,174.63
$ 189,914.69
$ 189,653.45

240

45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
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68
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70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93

$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

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

948.27
946.95
945.64
944.31
942.98
941.64
940.29
938.94
937.58
936.21
934.84
933.46
932.07
930.68
929.28
927.87
926.46
925.04
923.61
922.17
920.73
919.28
917.82
916.35
914.88
913.40
911.91
910.42
908.92
907.41
905.89
904.37
902.84
901.30
899.75
898.19
896.63
895.06
893.48
891.89
890.30
888.70
887.08
885.47
883.84
882.20
880.56
878.91
877.25

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

262.55
263.86
265.18
266.51
267.84
269.18
270.52
271.88
273.24
274.60
275.97
277.35
278.74
280.14
281.54
282.94
284.36
285.78
287.21
288.64
290.09
291.54
293.00
294.46
295.93
297.41
298.90
300.39
301.90
303.41
304.92
306.45
307.98
309.52
311.07
312.62
314.19
315.76
317.34
318.92
320.52
322.12
323.73
325.35
326.98
328.61
330.25
331.90
333.56

$ 189,390.90
$ 189,127.04
$ 188,861.86
$ 188,595.36
$ 188,327.52
$ 188,058.34
$ 187,787.82
$ 187,515.94
$ 187,242.70
$ 186,968.10
$ 186,692.13
$ 186,414.77
$ 186,136.03
$ 185,855.90
$ 185,574.36
$ 185,291.42
$ 185,007.06
$ 184,721.28
$ 184,434.07
$ 184,145.43
$ 183,855.34
$ 183,563.80
$ 183,270.80
$ 182,976.34
$ 182,680.41
$ 182,383.00
$ 182,084.10
$ 181,783.70
$ 181,481.80
$ 181,178.40
$ 180,873.47
$ 180,567.03
$ 180,259.05
$ 179,949.53
$ 179,638.46
$ 179,325.84
$ 179,011.65
$ 178,695.89
$ 178,378.56
$ 178,059.64
$ 177,739.12
$ 177,417.00
$ 177,093.27
$ 176,767.92
$ 176,440.94
$ 176,112.33
$ 175,782.08
$ 175,450.18
$ 175,116.61

94
95
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122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142

$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

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

875.58
873.91
872.22
870.53
868.83
867.12
865.40
863.67
861.94
860.19
858.44
856.68
854.91
853.13
851.34
849.54
847.73
845.92
844.10
842.26
840.42
838.57
836.71
834.83
832.96
831.07
829.17
827.26
825.34
823.41
821.48
819.53
817.57
815.61
813.63
811.65
809.65
807.64
805.63
803.60
801.57
799.52
797.46
795.40
793.32
791.23
789.13
787.03
784.91

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

335.23
336.91
338.59
340.29
341.99
343.70
345.42
347.14
348.88
350.62
352.38
354.14
355.91
357.69
359.48
361.27
363.08
364.90
366.72
368.55
370.40
372.25
374.11
375.98
377.86
379.75
381.65
383.56
385.47
387.40
389.34
391.29
393.24
395.21
397.18
399.17
401.17
403.17
405.19
407.21
409.25
411.30
413.35
415.42
417.50
419.58
421.68
423.79
425.91

$ 174,781.38
$ 174,444.47
$ 174,105.88
$ 173,765.59
$ 173,423.60
$ 173,079.91
$ 172,734.49
$ 172,387.35
$ 172,038.47
$ 171,687.85
$ 171,335.47
$ 170,981.33
$ 170,625.43
$ 170,267.74
$ 169,908.26
$ 169,546.99
$ 169,183.91
$ 168,819.01
$ 168,452.29
$ 168,083.74
$ 167,713.34
$ 167,341.09
$ 166,966.98
$ 166,591.00
$ 166,213.14
$ 165,833.39
$ 165,451.74
$ 165,068.19
$ 164,682.71
$ 164,295.31
$ 163,905.97
$ 163,514.69
$ 163,121.45
$ 162,726.24
$ 162,329.05
$ 161,929.88
$ 161,528.72
$ 161,125.55
$ 160,720.36
$ 160,313.15
$ 159,903.90
$ 159,492.60
$ 159,079.25
$ 158,663.83
$ 158,246.33
$ 157,826.75
$ 157,405.07
$ 156,981.28
$ 156,555.37

143
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187
188
189
190
191

$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

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

782.78
780.64
778.49
776.32
774.15
771.97
769.77
767.57
765.35
763.13
760.89
758.64
756.38
754.10
751.82
749.53
747.22
744.90
742.57
740.23
737.88
735.51
733.14
730.75
728.35
725.94
723.51
721.07
718.63
716.16
713.69
711.21
708.71
706.20
703.67
701.14
698.59
696.03
693.45
690.87
688.27
685.66
683.03
680.39
677.74
675.07
672.39
669.70
667.00

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

428.04
430.18
432.33
434.49
436.66
438.85
441.04
443.25
445.46
447.69
449.93
452.18
454.44
456.71
458.99
461.29
463.60
465.91
468.24
470.58
472.94
475.30
477.68
480.07
482.47
484.88
487.30
489.74
492.19
494.65
497.12
499.61
502.11
504.62
507.14
509.68
512.23
514.79
517.36
519.95
522.55
525.16
527.79
530.42
533.08
535.74
538.42
541.11
543.82

$ 156,127.33
$ 155,697.15
$ 155,264.82
$ 154,830.33
$ 154,393.67
$ 153,954.82
$ 153,513.78
$ 153,070.53
$ 152,625.07
$ 152,177.38
$ 151,727.45
$ 151,275.28
$ 150,820.84
$ 150,364.13
$ 149,905.13
$ 149,443.84
$ 148,980.25
$ 148,514.33
$ 148,046.09
$ 147,575.50
$ 147,102.57
$ 146,627.26
$ 146,149.59
$ 145,669.52
$ 145,187.05
$ 144,702.17
$ 144,214.87
$ 143,725.13
$ 143,232.94
$ 142,738.29
$ 142,241.16
$ 141,741.55
$ 141,239.44
$ 140,734.83
$ 140,227.69
$ 139,718.01
$ 139,205.78
$ 138,691.00
$ 138,173.64
$ 137,653.69
$ 137,131.14
$ 136,605.98
$ 136,078.20
$ 135,547.77
$ 135,014.70
$ 134,478.96
$ 133,940.54
$ 133,399.42
$ 132,855.61

192
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230
231
232
233
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235
236
237
238
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240

$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

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

664.28
661.55
658.80
656.04
653.27
650.48
647.68
644.86
642.03
639.19
636.33
633.46
630.57
627.67
624.75
621.82
618.88
615.92
612.94
609.95
606.95
603.93
600.89
597.85
594.78
591.70
588.60
585.49
582.37
579.22
576.07
572.89
569.70
566.50
563.28
560.04
556.78
553.51
550.23
546.93
543.61
540.27
536.92
533.55
530.16
526.76
523.34
519.90
516.45

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

546.54
549.27
552.02
554.78
557.55
560.34
563.14
565.96
568.79
571.63
574.49
577.36
580.25
583.15
586.06
588.99
591.94
594.90
597.87
600.86
603.87
606.89
609.92
612.97
616.03
619.11
622.21
625.32
628.45
631.59
634.75
637.92
641.11
644.32
647.54
650.78
654.03
657.30
660.59
663.89
667.21
670.55
673.90
677.27
680.65
684.06
687.48
690.91
694.37

$ 132,309.07
$ 131,759.80
$ 131,207.78
$ 130,653.01
$ 130,095.46
$ 129,535.12
$ 128,971.98
$ 128,406.02
$ 127,837.24
$ 127,265.61
$ 126,691.12
$ 126,113.76
$ 125,533.52
$ 124,950.37
$ 124,364.30
$ 123,775.31
$ 123,183.37
$ 122,588.47
$ 121,990.60
$ 121,389.74
$ 120,785.87
$ 120,178.99
$ 119,569.07
$ 118,956.10
$ 118,340.06
$ 117,720.95
$ 117,098.74
$ 116,473.42
$ 115,844.97
$ 115,213.38
$ 114,578.63
$ 113,940.71
$ 113,299.59
$ 112,655.28
$ 112,007.74
$ 111,356.96
$ 110,702.93
$ 110,045.63
$ 109,385.04
$ 108,721.15
$ 108,053.94
$ 107,383.40
$ 106,709.50
$ 106,032.23
$ 105,351.58
$ 104,667.52
$ 103,980.04
$ 103,289.13
$ 102,594.76

241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289

$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

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

512.97
509.48
505.98
502.45
498.91
495.35
491.78
488.18
484.57
480.94
477.29
473.62
469.93
466.23
462.51
458.76
455.00
451.22
447.43
443.61
439.77
435.92
432.04
428.15
424.24
420.30
416.35
412.38
408.39
404.37
400.34
396.29
392.22
388.12
384.01
379.88
375.72
371.55
367.35
363.13
358.89
354.63
350.35
346.05
341.73
337.38
333.02
328.63
324.22

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

697.84
701.33
704.84
708.36
711.90
715.46
719.04
722.64
726.25
729.88
733.53
737.20
740.88
744.59
748.31
752.05
755.81
759.59
763.39
767.21
771.04
774.90
778.77
782.67
786.58
790.51
794.46
798.44
802.43
806.44
810.47
814.53
818.60
822.69
826.80
830.94
835.09
839.27
843.47
847.68
851.92
856.18
860.46
864.76
869.09
873.43
877.80
882.19
886.60

$ 101,896.92
$ 101,195.59
$ 100,490.75
$ 99,782.39
$ 99,070.49
$ 98,355.02
$ 97,635.98
$ 96,913.35
$ 96,187.10
$ 95,457.22
$ 94,723.69
$ 93,986.49
$ 93,245.61
$ 92,501.02
$ 91,752.71
$ 91,000.66
$ 90,244.85
$ 89,485.26
$ 88,721.87
$ 87,954.67
$ 87,183.62
$ 86,408.73
$ 85,629.95
$ 84,847.29
$ 84,060.71
$ 83,270.20
$ 82,475.73
$ 81,677.30
$ 80,874.87
$ 80,068.43
$ 79,257.96
$ 78,443.43
$ 77,624.83
$ 76,802.14
$ 75,975.34
$ 75,144.40
$ 74,309.30
$ 73,470.04
$ 72,626.57
$ 71,778.89
$ 70,926.97
$ 70,070.79
$ 69,210.33
$ 68,345.56
$ 67,476.48
$ 66,603.04
$ 65,725.24
$ 64,843.05
$ 63,956.45

290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338

$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

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

319.78
315.33
310.85
306.35
301.83
297.28
292.71
288.12
283.51
278.87
274.21
269.53
264.83
260.10
255.34
250.56
245.76
240.94
236.09
231.21
226.32
221.39
216.45
211.48
206.48
201.46
196.41
191.34
186.24
181.12
175.97
170.80
165.60
160.37
155.12
149.84
144.53
139.20
133.84
128.46
123.05
117.61
112.14
106.65
101.13
95.58
90.00
84.40
78.77

$ 891.03
$ 895.49
$ 899.97
$ 904.47
$ 908.99
$ 913.53
$ 918.10
$ 922.69
$ 927.30
$ 931.94
$ 936.60
$ 941.28
$ 945.99
$ 950.72
$ 955.47
$ 960.25
$ 965.05
$ 969.88
$ 974.73
$ 979.60
$ 984.50
$ 989.42
$ 994.37
$ 999.34
$ 1,004.34
$ 1,009.36
$ 1,014.40
$ 1,019.48
$ 1,024.57
$ 1,029.70
$ 1,034.85
$ 1,040.02
$ 1,045.22
$ 1,050.45
$ 1,055.70
$ 1,060.98
$ 1,066.28
$ 1,071.61
$ 1,076.97
$ 1,082.36
$ 1,087.77
$ 1,093.21
$ 1,098.67
$ 1,104.17
$ 1,109.69
$ 1,115.24
$ 1,120.81
$ 1,126.42
$ 1,132.05

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

63,065.42
62,169.93
61,269.97
60,365.50
59,456.51
58,542.98
57,624.88
56,702.19
55,774.89
54,842.95
53,906.35
52,965.06
52,019.07
51,068.35
50,112.88
49,152.63
48,187.58
47,217.70
46,242.97
45,263.37
44,278.87
43,289.45
42,295.08
41,295.74
40,291.41
39,282.05
38,267.64
37,248.17
36,223.59
35,193.90
34,159.05
33,119.03
32,073.81
31,023.36
29,967.67
28,906.69
27,840.41
26,768.79
25,691.82
24,609.47
23,521.70
22,428.49
21,329.82
20,225.65
19,115.97
18,000.73
16,879.92
15,753.50
14,621.46

339
340
341
342
343
344
345
346
347
348
349
350
351

$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82
$ 1,210.82

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

73.11
67.42
61.70
55.96
50.18
44.38
38.55
32.69
26.79
20.87
14.92
8.95
2.94

$ 1,137.71
$ 1,143.40
$ 1,149.11
$ 1,154.86
$ 1,160.63
$ 1,166.44
$ 1,172.27
$ 1,178.13
$ 1,184.02
$ 1,189.94
$ 1,195.89
$ 1,201.87
$ 587.19

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

13,483.75
12,340.35
11,191.24
10,036.38
8,875.75
7,709.31
6,537.04
5,358.91
4,174.89
2,984.95
1,789.06
587.19
(0.00)

Principle
Interest
Term
Pmt #
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
31
32
33
34
35
36
37
38
39
40
41
42
43
44

250,000
6%
15
Payment
$2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06

Interest
1,250.00
$ 1,245.52
$ 1,241.03
$ 1,236.51
$ 1,231.96
$ 1,227.40
$ 1,222.81
$ 1,218.20
$ 1,213.56
$ 1,208.91
$ 1,204.23
$ 1,199.52
$ 1,194.79
$ 1,190.04
$ 1,185.27
$ 1,180.47
$ 1,175.65
$ 1,170.80
$ 1,165.93
$ 1,161.03
$ 1,156.11
$ 1,151.17
$ 1,146.20
$ 1,141.20
$ 1,136.18
$ 1,131.14
$ 1,126.07
$ 1,120.98
$ 1,115.86
$ 1,110.71
$ 1,105.54
$ 1,100.34
$ 1,095.12
$ 1,089.87
$ 1,084.59
$ 1,079.29
$ 1,073.96
$ 1,068.60
$ 1,063.22
$ 1,057.81
$ 1,052.38
$ 1,046.91
$ 1,041.42
$ 1,035.90

Principle
$ 895.06
$ 899.53
$ 904.03
$ 908.55
$ 913.09
$ 917.66
$ 922.25
$ 926.86
$ 931.49
$ 936.15
$ 940.83
$ 945.54
$ 950.26
$ 955.01
$ 959.79
$ 964.59
$ 969.41
$ 974.26
$ 979.13
$ 984.03
$ 988.95
$ 993.89
$ 998.86
$ 1,003.85
$ 1,008.87
$ 1,013.92
$ 1,018.99
$ 1,024.08
$ 1,029.20
$ 1,034.35
$ 1,039.52
$ 1,044.72
$ 1,049.94
$ 1,055.19
$ 1,060.47
$ 1,065.77
$ 1,071.10
$ 1,076.45
$ 1,081.84
$ 1,087.24
$ 1,092.68
$ 1,098.14
$ 1,103.64
$ 1,109.15

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

Balance
249,104.94
248,205.41
247,301.38
246,392.83
245,479.73
244,562.08
243,639.83
242,712.97
241,781.48
240,845.33
239,904.50
238,958.96
238,008.70
237,053.68
236,093.90
235,129.31
234,159.90
233,185.64
232,206.51
231,222.48
230,233.54
229,239.65
228,240.79
227,236.94
226,228.06
225,214.15
224,195.16
223,171.08
222,141.87
221,107.53
220,068.01
219,023.29
217,973.35
216,918.16
215,857.69
214,791.92
213,720.82
212,644.37
211,562.53
210,475.29
209,382.61
208,284.46
207,180.83
206,071.67

45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93

$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06

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

1,030.36
1,024.78
1,019.18
1,013.55
1,007.90
1,002.21
996.50
990.75
984.98
979.18
973.35
967.49
961.61
955.69
949.74
943.77
937.76
931.72
925.66
919.56
913.43
907.27
901.08
894.86
888.61
882.33
876.02
869.67
863.30
856.89
850.45
843.97
837.47
830.93
824.36
817.76
811.12
804.45
797.75
791.01
784.24
777.44
770.60
763.72
756.82
749.88
742.90
735.89
728.84

$ 1,114.70
$ 1,120.27
$ 1,125.87
$ 1,131.50
$ 1,137.16
$ 1,142.85
$ 1,148.56
$ 1,154.30
$ 1,160.08
$ 1,165.88
$ 1,171.71
$ 1,177.56
$ 1,183.45
$ 1,189.37
$ 1,195.32
$ 1,201.29
$ 1,207.30
$ 1,213.34
$ 1,219.40
$ 1,225.50
$ 1,231.63
$ 1,237.78
$ 1,243.97
$ 1,250.19
$ 1,256.44
$ 1,262.73
$ 1,269.04
$ 1,275.39
$ 1,281.76
$ 1,288.17
$ 1,294.61
$ 1,301.08
$ 1,307.59
$ 1,314.13
$ 1,320.70
$ 1,327.30
$ 1,333.94
$ 1,340.61
$ 1,347.31
$ 1,354.05
$ 1,360.82
$ 1,367.62
$ 1,374.46
$ 1,381.33
$ 1,388.24
$ 1,395.18
$ 1,402.16
$ 1,409.17
$ 1,416.21

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

204,956.98
203,836.70
202,710.83
201,579.33
200,442.16
199,299.32
198,150.76
196,996.45
195,836.38
194,670.50
193,498.80
192,321.23
191,137.78
189,948.41
188,753.10
187,551.81
186,344.51
185,131.17
183,911.77
182,686.27
181,454.64
180,216.86
178,972.89
177,722.69
176,466.25
175,203.52
173,934.48
172,659.10
171,377.34
170,089.17
168,794.55
167,493.47
166,185.88
164,871.75
163,551.05
162,223.75
160,889.81
159,549.20
158,201.89
156,847.84
155,487.02
154,119.40
152,744.94
151,363.61
149,975.37
148,580.19
147,178.03
145,768.86
144,352.65

94
95
96
97
98
99
100
101
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103
104
105
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112
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122
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124
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130
131
132
133
134
135
136
137
138
139
140
141
142

$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06

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

721.76
714.65
707.49
700.31
693.08
685.82
678.53
671.19
663.83
656.42
648.98
641.50
633.98
626.42
618.83
611.20
603.53
595.82
588.07
580.29
572.47
564.60
556.70
548.76
540.78
532.76
524.69
516.59
508.45
500.27
492.04
483.78
475.47
467.12
458.73
450.30
441.83
433.31
424.75
416.15
407.51
398.82
390.09
381.31
372.50
363.63
354.73
345.77
336.78

$ 1,423.29
$ 1,430.41
$ 1,437.56
$ 1,444.75
$ 1,451.97
$ 1,459.23
$ 1,466.53
$ 1,473.86
$ 1,481.23
$ 1,488.64
$ 1,496.08
$ 1,503.56
$ 1,511.08
$ 1,518.64
$ 1,526.23
$ 1,533.86
$ 1,541.53
$ 1,549.24
$ 1,556.98
$ 1,564.77
$ 1,572.59
$ 1,580.45
$ 1,588.36
$ 1,596.30
$ 1,604.28
$ 1,612.30
$ 1,620.36
$ 1,628.46
$ 1,636.61
$ 1,644.79
$ 1,653.01
$ 1,661.28
$ 1,669.59
$ 1,677.93
$ 1,686.32
$ 1,694.75
$ 1,703.23
$ 1,711.74
$ 1,720.30
$ 1,728.90
$ 1,737.55
$ 1,746.24
$ 1,754.97
$ 1,763.74
$ 1,772.56
$ 1,781.42
$ 1,790.33
$ 1,799.28
$ 1,808.28

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

142,929.36
141,498.95
140,061.38
138,616.63
137,164.66
135,705.42
134,238.89
132,765.03
131,283.80
129,795.16
128,299.08
126,795.51
125,284.43
123,765.80
122,239.57
120,705.71
119,164.18
117,614.94
116,057.96
114,493.19
112,920.60
111,340.15
109,751.79
108,155.49
106,551.21
104,938.91
103,318.55
101,690.08
100,053.48
98,408.69
96,755.67
95,094.39
93,424.81
91,746.87
90,060.55
88,365.80
86,662.57
84,950.82
83,230.52
81,501.61
79,764.06
78,017.83
76,262.86
74,499.11
72,726.55
70,945.13
69,154.80
67,355.51
65,547.23

143
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169
170
171
172
173
174
175
176

$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06
$ 2,145.06

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

327.74
318.65
309.52
300.34
291.12
281.85
272.53
263.17
253.76
244.30
234.80
225.25
215.65
206.00
196.31
186.56
176.77
166.93
157.04
147.10
137.11
127.07
116.98
106.84
96.65
86.40
76.11
65.77
55.37
44.92
34.42
23.87
13.26
2.60

$ 1,817.32
$ 1,826.41
$ 1,835.54
$ 1,844.72
$ 1,853.94
$ 1,863.21
$ 1,872.53
$ 1,881.89
$ 1,891.30
$ 1,900.76
$ 1,910.26
$ 1,919.81
$ 1,929.41
$ 1,939.06
$ 1,948.75
$ 1,958.50
$ 1,968.29
$ 1,978.13
$ 1,988.02
$ 1,997.96
$ 2,007.95
$ 2,017.99
$ 2,028.08
$ 2,038.22
$ 2,048.41
$ 2,058.65
$ 2,068.95
$ 2,079.29
$ 2,089.69
$ 2,100.14
$ 2,110.64
$ 2,121.19
$ 2,131.80
$ 520.44

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

63,729.91
61,903.50
60,067.96
58,223.25
56,369.30
54,506.09
52,633.57
50,751.68
48,860.38
46,959.62
45,049.36
43,129.55
41,200.14
39,261.08
37,312.33
35,353.84
33,385.55
31,407.42
29,419.40
27,421.44
25,413.49
23,395.50
21,367.42
19,329.20
17,280.78
15,222.13
13,153.18
11,073.89
8,984.20
6,884.07
4,773.43
2,652.24
520.44
0.00