Programmer: John Paul Vergara
CS 1044 Summer I 2004 Project 3

Plan Name: Plan One

Month  Initial Balance  Interest   Payment    Ending Balance
1          5000.00         60.00    900.00        4160.00
2          4160.00         49.92    900.00        3309.92
3          3309.92         39.72    900.00        2449.64
4          2449.64         29.40    900.00        1579.03
5          1579.03         18.95    900.00         697.98
6           697.98          8.38    706.36           0.00

Loan will be paid off in 6 months.

Plan Name: Big Loan

Month  Initial Balance  Interest   Payment    Ending Balance
1         50000.00        250.00   1000.00       49250.00
2         49250.00        246.25   1000.00       48496.25
3         48496.25        242.48   1000.00       47738.73
4         47738.73        238.69   1000.00       46977.42
5         46977.42        234.89   1000.00       46212.31
6         46212.31        231.06   1000.00       45443.37
7         45443.37        227.22   1000.00       44670.59
8         44670.59        223.35   1000.00       43893.94
9         43893.94        219.47   1000.00       43113.41
10        43113.41        215.57   1000.00       42328.98
11        42328.98        211.64   1000.00       41540.63
12        41540.63        207.70   1000.00       40748.33

Salary parameters are insufficient to pay off loan in 12 months.

Plan Name: Small Loan

Month  Initial Balance  Interest   Payment    Ending Balance
1           500.00          5.00    450.00          55.00
2            55.00          0.55     55.55           0.00

Loan will be paid off in 2 months.

Plan Name: Low Salary

Month  Initial Balance  Interest   Payment    Ending Balance
1          5555.00        111.10    100.00        5566.10
2          5566.10        111.32    100.00        5577.42
3          5577.42        111.55    100.00        5588.97
4          5588.97        111.78    100.00        5600.75
5          5600.75        112.01    100.00        5612.76

Salary parameters are insufficient to pay off loan in 5 months.