Creating an amortization table using AMORT program Start program

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Creating an amortization table using AMORT program Start program Using AMORT to get Amortization Table Creating an amortization table using AMORT program Start program AMORT: ENTER PRGM ENTER Enter known values: $500 loan at 4% compounded annually, with payments of $98 per year, over 20 years ENTER Math 155 D.Sluys WCC 2007

Note payoff in 6th year Interest portion principal portion Period number Periodic payment Interest portion (decreasing) principal portion (increasing) Remaining balance Note payoff in 6th year to get other columns >

Repeat with different values: $500 loan at 4% compounded monthly, with payments of $8.17 per month, over 60 months say….

Interest portion principal portion Period number (decreasing) Periodic payment Interest portion (decreasing) principal portion (increasing) Remaining balance to get other rows ^

Interest portion principal portion Period number (decreasing) Periodic payment Interest portion (decreasing) principal portion (increasing) Remaining balance PAYOFF

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