LoanAmortization;Mortgageloanamortizationschedule幻灯片.pptVIP

Chapter 14 Loan Amortization;Mortgage 14.2 loan amortization schedule Amortization Schedule An loan amortization schedule is a table that: Breaks down each payment into its interest and principal components. Gives the principal balance outstanding after each payment. A*=P*previous balance B*=R-A* C*=previous balance-B* D*=previous balance Partial Amortization Schedule A particular circumstance may require only a portion of a loan’s amortization schedule. Example Marpole Carpet Cleaning borrowed $7000 from Richmond Credit Union at 12.5% compounded quarterly. The loan is to be repa