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April 20, 2014

Posted by **tmouery** on Saturday, December 8, 2012 at 11:28am.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 2:57pm1st Month:I = Po*r*t

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 2:58pm1st Month:I = Po*r*t

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 2:59pm1st Month:I = Po*r*t

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 2:59pm

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 2:59pm

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 3:00pm

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 3:00pm

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

- Real Estate Finance -
**Henry**, Monday, December 10, 2012 at 3:00pm

r = (8%/12) / 100% = 0.0066666 = Monthly

% rate expressed as a decimal.

t = 1 month.

I = 100000*0.0066666*1 = $666.67.

P = 733.76 - 666.67 = $67.09 = Amt applied to Po.

Bal. = 100000 - 67.09 = $99,932.91.

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