Programmer: Ryan Richardson Project III - Loan Payment Calculation Initial Balance: 10000.00 Annual Rate: 0.150 Month Finance Minimum Actual New Charge Due Payment Balance --------------------------------------------- 1 251.56 307.55 307.55 9944.01 2 250.15 305.82 305.82 9888.34 3 248.75 304.11 304.11 9832.98 4 247.36 302.41 302.41 9777.93 5 245.97 300.72 300.72 9723.18 6 244.60 299.03 299.03 9668.75 12 236.49 289.13 289.13 9348.48 24 221.09 270.29 270.29 8739.44 36 206.68 252.68 252.68 8170.05 48 193.22 236.22 236.22 7637.79 60 180.63 220.83 220.83 7140.18 72 168.87 206.44 206.44 6675.00 84 157.36 192.39 200.00 6212.87 96 142.56 174.28 200.00 5609.37 108 122.60 149.89 200.00 4796.23 120 95.72 117.02 200.00 3700.61 132 59.49 72.73 200.00 2224.50 144 10.69 13.07 200.00 235.65 146 1.05 1.28 42.63 0.00 --------------------------------------------- Total 22923.47 32923.47