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Installment 360
Contributed by: Smith
+
Total Monthly Payments
Amount Financed
        (Loan)
Finance Charge
    (Interest)
($150 * 60)
$1,000
$8,000
$9,000
+
+
$10,000 Car
$2000 down
$150 monthly
for 60 months
Down Payment
($$ paid NOW)
Down Payment
($$ paid NOW)
$2,000
$2,000
=
=
+
Total Installment
       Payment
$10,000
$11,000
Finance Charge
    (Interest)
Cash Price
$1,000
+
Total Monthly Payments
Amount Financed
        (Loan)
Finance Charge
    (Interest)
$1,000
$8,000
$9,000
+
+
Down Payment
($$ paid NOW)
Down Payment
($$ paid NOW)
$2,000
$2,000
Add across
Add down
&
=
=
+
Total Installment
       Payment
$10,000
$11,000
Finance Charge
    (Interest)
Cash Price
$1,000
Total Monthly Payments
Amount Financed
        (Loan)
$
Finance Charge
    (Interest)
$27,000
?
$31,200
?
$
$32,000 Car
$5000 down
$520 monthly
for 60 months
Down Payment
($$ paid NOW)
Down Payment
($$ paid NOW)
$
$
Total Installment
       Payment
$32,000
?
Finance Charge
    (Interest)
$36,200
?
Cash Price
Total Monthly Payments
Amount Financed
        (Loan)
$
Finance Charge
    (Interest)
$3,300
?
$4,500
?
$
Down Payment
($$ paid NOW)
$4,000 Watch
$700 down
$75 monthly
for 60 months
Down Payment
($$ paid NOW)
$
$
Total Installment
       Payment
$4,000
?
Finance Charge
    (Interest)
$5,200
?
Cash Price
Total Monthly Payments
Amount Financed
        (Loan)
$
$
$
Finance Charge
    (Interest)
$12,000 Boat
$2000 down
$750 interest
$
Down Payment
($$ paid NOW)
Down Payment
($$ paid NOW)
$
$
$
Total Installment
       Payment
$
Finance Charge
    (Interest)
Cash Price
Total Monthly Payments
Amount Financed
        (Loan)
$
$
$
Finance Charge
    (Interest)
$300,000 house
10% down
$1400 mortgage
for 20 years
$
Down Payment
($$ paid NOW)
Down Payment
($$ paid NOW)
$
$
$
Total Installment
       Payment
$
Finance Charge
    (Interest)
Cash Price
Last One....
Total Monthly Payments
Amount Financed
        (Loan)
$
$
$
Finance Charge
    (Interest)
$200,000 house
5% down
$900 mortgage
for 20 years
$
Down Payment
($$ paid NOW)
Down Payment
($$ paid NOW)
$
$
$
Total Installment
       Payment
$
Finance Charge
    (Interest)
Cash Price
The
End
The End
The
End
T
h
e

E
n
d
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