document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=195176>Question 195176</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi Iam haveing some trouble with my financial homework, would someone please help me.<BR>\n" );
document.write( "My question is : Johm borrows $150,000. The terms of the loan are 7.5% over the next 5 years. It it important to note that he makes annual rather than monthly payments. Construct a loan amortization schedule that shows the 5 payments of Johns loans.\r<BR>\n" );
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document.write( "Iwould like to thank you in advance for your help and useing your time to help me with this question. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #146385 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=146385\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Garamond\" size=\"+2\">\r<BR>\n" );
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document.write( "The payment (using the PMT function in Excel) is $37,074.71\r<BR>\n" );
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document.write( "You should be able to construct your own amortization table using that information:\r<BR>\n" );
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document.write( "Row 1 would be:\r<BR>\n" );
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document.write( "Beginning principal:  150,000<BR>\n" );
document.write( "Interest accrued: 150,000 X .075<BR>\n" );
document.write( "Principal + Interest:  Add the first two amounts<BR>\n" );
document.write( "Less the payment of $37,074.71 gives the starting principal for the next year<BR>\n" );
document.write( "The payment minus the interest accrued is the amount applied to the principal, if you need that.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi} + 1 = 0\"><BR>\n" );
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