Amortization
This presentation is the property of its rightful owner.
Sponsored Links
1 / 5

Amortization PowerPoint PPT Presentation


  • 64 Views
  • Uploaded on
  • Presentation posted in: General

Amortization. Formulas. Simple Interest Amortized Loan Formula. Formulas. Unpaid Balance Formula. T is the number of years from the beginning of the loan to the present.

Download Presentation

Amortization

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Amortization

Amortization


Formulas

Formulas

Simple Interest Amortized Loan Formula


Formulas1

Formulas

Unpaid Balance Formula

T is the number of years from the beginning of the loan to the present


Amortization

Shirley bought a house for $187,600. She put 20% down and obtained a simple interest amortized loanfor the balance at for 30 years.

  • Find her monthly payment.

  • Find the total interest.

  • Prepare an amortization schedule for the first two months of the loan.


Amortization

Shirley bought a house for $187,600. She put 20% down and obtained a simple interest amortized loanfor the balance at for 30 years.

  • 20 years have passed and Shirley wants to pay off the balance on her house. If there is no pre-payment penalty, what will it cost for Shirley to pay off the unpaid balance of her home loan?


  • Login