To answer that question, I made the amortization table below.
Can you see what 's wrong? (Not with the table itself, but the table shows that something is wrong.)
| Month | Balance | Payment | Inerest | Principal | New Balance |
| 1 | $ 250,000.00 | $1663.00 | $1458 | $205.00 | $249,795.00 |
| 60 | $235,618.00 | $1663.00 | $1374 | $289.00 | $235,329.00 |
| 359 | $3,298.00 | $1663.00 | $29.00 | $1,635.00 | $1,654.00 |
To find out what's wrong, see this page that I just created this evening. (There's an audio button on it, too. Sorry for the background noise.)
No comments:
Post a Comment