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    SC EX19 4a KennethBader 1

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    laxibej466

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    SC EX19 4a KennethBader 1

    Uploaded by

    laxibej466
    1 views6 pages

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    SC_EX19_4a_KennethBader_1 (1)

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    1 views6 pages

    SC EX19 4a KennethBader 1

    Uploaded by

    laxibej466

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Author:

    Note: Do not edit this sheet. If your name does not appear in cell B6, please download a new copy of the file
    website.
    Shelly Cashman Excel 2019 | Module 4: SAM Project 1a

    Smith & Lyngate Insurance


    CREATE A LOAN ANALYSIS

    Kenneth Bader

    Note: Do not edit this sheet. If your name does not appear in cell B6, please download a new copy of the file from the SA
    website.
    om the SAM
    New Office Building
    Loan Calculator
    Loan Payment Calculator
    Date 9/15/2021 Rate 4.45%
    Property Charles Street Term in Months 180
    Price $ 1,150,000 Monthly Payment $ 7,014.45
    Down Payment $ 230,000 Total Interest $ 342,601.29
    Loan Amount $ 920,000 Total Cost $ 1,492,601.29

    Varying Interest Rates and Terms


    Rate Number of Months
    $ 7,014 120 180 240
    3.95%
    4.05%
    4.15%
    4.25%
    4.35%
    4.45%
    4.55%
    4.65%
    4.75%
    4.85%
    4.95%
    5.05%
    5.15%
    Scenarios Renovation 20 Years 8 Years
    Loan Amount $ 1,020,000 $ 968,938 $ 920,000
    Annual Interest Rate 4.45% 4.25% 4.45%
    Monthly Interest Rate 0.37% 0.35% 0.37%
    Loan Period in Years 15 20 8
    Loan Period in Months 180 240 96
    Start Date 1/3/2022 1/3/2022 1/3/2022
    Monthly Payment $ (7,777) $ (6,000) $ (8,000)
    Future Value n/a n/a -$392,082.42
    Equipment Loan
    Year: 2020
    Loan Details Loan Summary
    Loan amount $15,000.00 Scheduled payment $1,278.28
    Annual interest rate 4.15% Scheduled number of payments 12
    Loan period in years 1 Actual number of payments 12
    Number of payments per year 12 Total early payments $1,100.00
    Start date of loan 2/26/2020 Total interest $316.23
    Total paid $15,339.32
    Optional extra payments $100.00

    Pmt No Payment Date Beg Balance Payment Amt Extra Payment Total Payment Principal Interest Ending Balance Cumulative Interest

    1 2/26/2020 $15,000.00 $1,278.28 $100.00 $1,378.28 $1,326.40 $51.88 $13,673.60 $51.88


    2 3/26/2020 $13,673.60 $1,278.28 $100.00 $1,378.28 $1,330.99 $47.29 $12,342.61 $99.16
    3 4/26/2020 $12,342.61 $1,278.28 $100.00 $1,378.28 $1,335.59 $42.68 $11,007.02 $141.85
    4 5/26/2020 $11,007.02 $1,278.28 $100.00 $1,378.28 $1,340.21 $38.07 $9,666.81 $179.91
    5 6/26/2020 $9,666.81 $1,278.28 $100.00 $1,378.28 $1,344.85 $33.43 $8,321.96 $213.34
    6 7/26/2020 $8,321.96 $1,278.28 $100.00 $1,378.28 $1,349.50 $28.78 $6,972.46 $242.12
    7 8/26/2020 $6,972.46 $1,278.28 $100.00 $1,378.28 $1,354.16 $24.11 $5,618.30 $266.24
    8 9/26/2020 $5,618.30 $1,278.28 $100.00 $1,378.28 $1,358.85 $19.43 $4,259.45 $285.67
    9 10/26/2020 $4,259.45 $1,278.28 $100.00 $1,378.28 $1,363.55 $14.73 $2,895.91 $300.40
    10 11/26/2020 $2,895.91 $1,278.28 $100.00 $1,378.28 $1,368.26 $10.02 $1,527.65 $310.41
    11 12/26/2020 $1,527.65 $1,278.28 $100.00 $1,378.28 $1,372.99 $5.28 $154.65 $315.70
    12 1/26/2021 $154.65 $1,278.28 $0.00 $154.65 $154.12 $0.53 $0.00 $316.23

    Ending Balance and Cumulative Interest


    $16,000.00 $350.00

    $14,000.00 $300.00

    $12,000.00
    $250.00
    $10,000.00
    $200.00 Ending Balance
    $8,000.00 Cumulative Interest
    $150.00
    $6,000.00
    $100.00
    $4,000.00

    $2,000.00 $50.00

    $0.00 $0.00
    2/2020 3/2020 4/2020 5/2020 6/2020 7/2020 8/2020 9/2020 10/2020 11/2020 12/2020 1/2021

    Page 6 of 6

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