Final Assignment Part B

As a financial planner, you have been asked by the bishop to help a family in the ward. You have met with Brother and Sister H
to gather all of their financial information and present it to you. During the last meeting they expressed dispair concerning their
with the following information. They have expressed a sincere desire to put their financial life in order, no matter what sacrifices

You have suggested a family council, and they have explained to their 3 children that everyone will be involved in learning corre
During your previous visit you helped them cut up all of their credit cards. They have made a commitment to "pay as you go", b
You have been asked to prepare a comprehensive financial plan that will help them now, as well as prepare them for retirement
Brother and Sister Hopeful are both 35 years old.
Brother Hopeful has a good job and brings home $4,800 / month in net take home pay. He does have a profit sharing program
in the amount of $150 / month. Sister Hopeful does a small part time job out of their home while the children are at school and

They currently have 2 cars. The older car is paid off, but they still have a payment of $200 / month on the new car for 28 more
but they have a first mortgage payment of $1,149.00 / month on the loan at 6% APR, and $582.82 / month payment on the 2nd
When they purchased their home 8 years ago they made a substantial downpayment, and their home is currently worth $175,0

The average monthly expenses that they have provided show the following: $450 / food, $155 / several lessons for each child,
$70 / life insurance, $200 / medical insurance, $120 / car insurance for both cars, $25 / internet, $95 / cable TV, $275 / all utilitie
$85 / cell phone program for both, $170 / gas for both cars, $85 / bowling league, $35 / newspaper, $30 / misc.
They pay $615 in tithing and offerings and $35 to other charities.

They have given you the following information concerning their debt. Because they cannot make all of their payments, they hav
and in some cases, they have missed payments. They are always receiving debt collection phone calls and there is significant
Sister Hopeful's mother has made some of the payments for them, but her family is not very well off and can't help much longer

Amount
$6,000.00
$1,000.00
$12,619.08
$19,225.00
$5,200.00
$1,969.78
$1,876.97
$49,612.40
$119,412.57
$216,915.80

APR %
12.0%
15.0%
11.0%
6.0%
7.0%
12.0%
15.0%
9.5%
6.0%

Current Payments
Payment Remaining Description
$158.00
48
Credit Card #1
$34.67
36
Credit Card #2
$274.37
60
Credit Card #3
$280.85
84
Credit Union Loan
$200.00
28
Car Loan
$92.72
24
Gas Credit Card
$65.07
36
Medical Bill
$582.82
142
2nd Mortgage
$1,149.00
147
1st Mortgage
$2,837.50

Total debt

After reading your written report, the bishop has asked you to serve on a ward council welfare committee to help this faithful fam
As a minimum, the committee has been asked to prepare a monthly budget of their current situation, a proposed budget to help
eliminate all of their debt and prepare them for retirement.

You will receive up to 5 points for the budget of their current situation, up to 10 points for a proposed budget along with suggest
and you will receive up to 10 points for a detailed plan to eliminate their debt and establish a retirement plan (5 + 10 + 10 = 25 p
Submit all of your completed spreadsheet for grading.

met with Brother and Sister Hopeful and have asked them
essed dispair concerning their situation and presented you
rder, no matter what sacrifices they have to make.

ll be involved in learning correct principles for everyone's long term benefit.

mmitment to "pay as you go", but need help to know where to begin.
as prepare them for retirement.

have a profit sharing program where the company contributes to his 401k
the children are at school and brings home a net take home paycheck of $350 per month.

h on the new car for 28 more months at 7% APR. They own their home
2 / month payment on the 2nd mortgage at 9.5% APR.
ome is currently worth $175,000.

several lessons for each child, $30 / laundry, $20 / dry cleaning, $15 / gifts
$95 / cable TV, $275 / all utilities, $75 home phone service,
er, $30 / misc.

all of their payments, they have been making minimum payments,

e calls and there is significant stress in their home.
off and can't help much longer.

mmittee to help this faithful family.

on, a proposed budget to help them progress forward, and a detailed plan to

sed budget along with suggested changes to meet your plans,

ement plan (5 + 10 + 10 = 25 points total).

12 Month Budget Example

Name

Leandro Figueiredo, Samuel Davis, Nefi Aguilar, Paula Fuller, Ben Cox, Math

Brother Hopeful
Sister Hopeful
Total

Income Calculations
Monthly take home Salary
Anual Take home Salary
$4,800
$67,200
$350
$4,900
$5,150
$72,100

Debt
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
2nd Mortgage
1st Mortgage
Total for debt
Expenses
Groceries
Child Lessons
Laundry
Clothing/Dry Cleaning
Gifts
Life Insurance
Medical Insurance
Car Insurance
Internet
Cable
Utilities
Gas Credit Card
Home Phone Service
Cell Phone Program
Bowling League
Newspaper
Miscellaneous
Music
Tithing
Charities
Total expenses
Total budget
Surplus/Deficit

Actual Budget

January
February
March
April
May
$158.00
$158.00
$158.00
$158.00
$158.00
$34.67
$34.67
$34.67
$34.67
$34.67
$274.37
$274.37
$274.37
$274.37
$274.37
$280.85
$280.85
$280.85
$280.85
$280.85
$200.00
$200.00
$200.00
$200.00
$200.00
$92.72
$92.72
$92.72
$92.72
$92.72
$65.07
$65.07
$65.07
$65.07
$65.07
$582.82
$582.82
$582.82
$582.82
$582.82
$1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00
$2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50
$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

-$303

-$303

-$303

-$303

-$303

Propposed Budget

Debt
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
2nd Mortgage
1st Mortgage
Total for debt
Expenses
Groceries
Laundry
Clothing/Dry Cleaning
Gifts
Life Insurance
Medical Insurance
Car Insurance
Internet
Utilities
Gas Credit Card
Cell Phone Program
Tithing
Miscellaneous (Date Fund, Entertainment)
Total expenses
Total budget
Surplus/Deficit

January
February
March
April
May
$158.00
$158.00
$158.00
$158.00
$158.00
$34.67
$34.67
$34.67
$34.67
$34.67
$274.37
$274.37
$274.37
$274.37
$274.37
$280.85
$280.85
$280.85
$280.85
$280.85
$200.00
$200.00
$200.00
$200.00
$200.00
$92.72
$92.72
$92.72
$92.72
$92.72
$65.07
$65.07
$65.07
$65.07
$65.07
$582.82
$582.82
$582.82
$582.82
$582.82
$1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00
$2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50
$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$413

$413

$413

$413

$413

Expenses Cut From Budget

1.- Childs lessons
2.- Home's phone
3.- Bowling League
4.- News paper
5.- Charities
7.- Cable
8.-Utilities

They can receive them for free at church

We already have cell phones
Is not very important at this point
We just didn't need them. We can get news from the Internet.
If we are self reliant we can help more people.
Decided they can do very well without cable.
We cut our utilities by $155.00 to conserve money.

Expenses We Changed
1.- Miscellaneous
2.- Utilities

We added $20.00 to Misc.

We cut 155 from Utilities

ula Fuller, Ben Cox, Mathew Vaughn, Micaela Loss, George Mphaka

ual Budget
June
July
August
September October
November December Total a year
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00 $1,896.00
$34.67
$34.67
$34.67
$34.67
$34.67
$34.67
$34.67
$416.04
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37 $3,292.44
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85 $3,370.20
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00 $2,400.00
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72 $1,112.64
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$780.84
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82 $6,993.84
$1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00 $13,788.00
$2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50 $34,050.00
$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

$450.00
$155.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$95.00
$275.00
$170.00
$75.00
$85.00
$85.00
$35.00
$30.00
$30.00
$615.00
$35.00
$2,615.00
$5,452.50

-$303

-$303

-$303

-$303

-$303

-$303

osed Budget

$450.00 $5,400.00
$155.00 $1,860.00
$30.00
$360.00
$20.00
$240.00
$15.00
$180.00
$70.00
$840.00
$200.00 $2,400.00
$120.00 $1,440.00
$25.00
$300.00
$95.00 $1,140.00
$275.00 $3,300.00
$170.00 $2,040.00
$75.00
$900.00
$85.00 $1,020.00
$85.00 $1,020.00
$35.00
$420.00
$30.00
$360.00
$30.00
$360.00
$615.00 $7,380.00
$35.00
$420.00
$2,615.00 $31,380.00
$5,452.50 $65,430.00
-$303

-$3,630

June
July
August
September October
November December Total
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00 $1,896.00
$34.67
$34.67
$34.67
$34.67
$34.67
$34.67
$34.67
$416.04
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37 $3,292.44
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85 $3,370.20
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00 $2,400.00
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72 $1,112.64
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$780.84
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82 $6,993.84
$1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00 $1,149.00 $13,788.00
$2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50 $2,837.50 $34,050.00

the Internet.

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$450.00
$30.00
$20.00
$15.00
$70.00
$200.00
$120.00
$25.00
$120.00
$100.00
$85.00
$615.00
$50.00
$1,900.00
$4,737.50

$413

$413

$413

$413

$413

$413

$450.00 $5,400.00
$30.00
$360.00
$20.00
$240.00
$15.00
$180.00
$70.00
$840.00
$200.00 $2,400.00
$120.00 $1,440.00
$25.00
$300.00
$120.00 $1,440.00
$100.00 $1,200.00
$85.00 $1,020.00
$615.00 $7,380.00
$50.00
$600.00
$1,900.00 $22,800.00
$4,737.50 $56,850.00
$413

$4,950

Total a year

Debt Rollover Plan & Retirement plan

Name:Leandro Figueiredo, Samuel Davis, Nefi Aguilar, Paula Fuller, Ben Cox, Mathew Vaughn, Micaela Loss,
Listing of all debts
Debt
Credit Card #2
Medical Bill
Gas Credit Card
Car Loan
Credit Card #1
Credit Card #3
Credit Union loan
2nd Mortgage
1st Mortgage

Rate

Principal
# of Pmts
15.00%
$1,000.00
15.00%
$1,876.97
12.00%
$1,969.78
7.00%
$5,200.00
12.00%
$6,000.00
11.00%
$12,619.08
6.00%
$19,225.00
9.50%
$49,612.40
6.00%
$119,412.57

Total Debt

36
36
24
28
48
60
84
142
147

$216,915.80

Monthly Income Needed???

Annual Income Needed???
How many years to get completely out of debt?
Money saved for paying the debt faster

$ / mth

# of Pmts

Credit Card #2
Medical Bill
Gas Credit Card
Car Loan
Credit Card #1
Credit Card #3
Credit Union loan
2nd Mortgage
1st Mortgage

$447.67
$65.07
$92.72
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Total

$3,250.50

$ / mth
2
3
7
10
15
20
28
38
59

$125.77
$512.74
$605.44
$805.44
$963.44
$1,237.81
$1,518.66
$2,101.48
$3,250.48

Retirement Plan
He does have a profit sharing program where the company contributes to his 401k in the amount of $150 / month.

Mr. Hopeful has 2 options. 1. He only relies on his company contribution of $150. 2. He matches his company contrib
total of $300/month.
Here are the scenarios:
1. He only relies on his company contribuition of $150/month
Rate
10%
PMT
$150
NPER
420
FV
$569,495.71

2. He matches his company contribuition for a total of $300/month

Rate
10%
PMT
$300
NPER
420
FV
$1,138,991.42
We advise him to take option 2.
If the Hopeful family needs to live from their retirement for more 20 years they will have an anual income of:
$56,949.57

Amortization Tables

Cox, Mathew Vaughn, Micaela Loss, George Mphaka

Surplus/Deficit
$ / mth

Real Debt
$34.67
$1,248.12
$65.07
$2,342.52
$92.72
$2,225.28
$200.00
$5,600.00
$158.00
$7,584.00
$274.37
$16,462.20
$280.85
$23,591.40
$582.82
$82,760.44
$1,149.00
$168,903.00
$2,837.50

Credit Card #2

Month
1
2
3
Medical Bill

$310,716.96
Month

$8,107.14
$113,500.00

1
2
3
4
5
6
7

7.17
$36,743.01

# of Pmts

Last Pmt
1
3
2
4
4
7
9
20
26

1k in the amount of $150 / month.

$262.76
$257.65
$291.12
$697.02
$857.86
$373.73
$57.92
$2,951.84

Total

Gas Credit Card

$1,021.11
$1,996.19
$2,117.57
$5,512.88
$6,920.78
$15,009.93
$21,905.47
$64,234.68
$155,255.32

Month
1
2
3
4
5
6
7
8
9
10

$273,973.95

Car Loan

0. 2. He matches his company contribuition for a

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Credit Card #1

will have an anual income of:

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Credit Card #3

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Credit Union loan

Month
1
2
3
4
5
6
7

8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
2nd Mortgage

Month
1
2
3
4
5
6
7

8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

51
52
53
54
55
56
57
58
59
1st Mortgage

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72

73
74
75
76
77
78
79
80
81
82
83
84
85
86

Used to pay debt

faster
$413.00

cit

To create a fund
for emergencies
$5,567.47

First Debt = $34.67 + $413 = $447.67

$447.67

$0.15

Payment

Interest
$447.67
$447.67
$125.77

$1,000.00
Principal
Remaining Balance
$12.50
$435.17
$564.83
$7.06
$440.61
$124.22
$1.55
$124.22
$0.00

Second Debt = $65.07 + $447.67 = $512.74

$321.90
$512.74

$0.15

Payment

Interest
$65.07
$65.07
$65.07
$512.74
$512.74
$512.74
$262.76

$1,876.97
Principal
Remaining Balance
$23.46
$41.61
$1,835.36
$22.94
$42.13
$1,793.23
$22.42
$42.65
$1,750.58
$21.88
$490.86
$1,259.72
$15.75
$496.99
$762.73
$9.53
$503.21
$259.52
$3.24
$259.52
$0.00

Third Debt = $92.72 + $512.72 = $605.44

$249.98
$605.44

$0.12

Payment

Interest
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$605.44
$605.44
$257.65

$1,969.78
Principal
Remaining Balance
$19.70
$73.02
$1,896.76
$18.97
$73.75
$1,823.01
$18.23
$74.49
$1,748.52
$17.49
$75.23
$1,673.28
$16.73
$75.99
$1,597.29
$15.97
$76.75
$1,520.55
$15.21
$77.51
$1,443.03
$14.43
$591.01
$852.02
$8.52
$596.92
$255.10
$2.55
$255.10
$0.00

Forth Debt = $200 + $605.44 = $805.44

$0.07

$347.79
$805.44

$5,200.00

Payment

Interest
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$805.44
$805.44
$805.44
$805.44
$291.12

Principal
$30.33
$29.34
$28.35
$27.35
$26.34
$25.33
$24.31
$23.28
$22.25
$21.22
$20.17
$15.59
$10.98
$6.35
$1.69

Remaining Balance
$169.67
$5,030.33
$170.66
$4,859.68
$171.65
$4,688.03
$172.65
$4,515.37
$173.66
$4,341.71
$174.67
$4,167.04
$175.69
$3,991.35
$176.72
$3,814.63
$177.75
$3,636.88
$178.78
$3,458.10
$785.27
$2,672.83
$789.85
$1,882.98
$794.46
$1,088.52
$799.09
$289.43
$289.43
$0.00

Fifth Debt = $158 + $805.44 = $963.44

$963.44

$0.12

Payment

Interest
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$963.44
$963.44
$963.44
$963.44
$697.02

$6,000.00
Principal
Remaining Balance
$60.00
$98.00
$5,902.00
$59.02
$98.98
$5,803.02
$58.03
$99.97
$5,703.05
$57.03
$100.97
$5,602.08
$56.02
$101.98
$5,500.10
$55.00
$103.00
$5,397.10
$53.97
$104.03
$5,293.07
$52.93
$105.07
$5,188.00
$51.88
$106.12
$5,081.88
$50.82
$107.18
$4,974.70
$49.75
$108.25
$4,866.45
$48.66
$109.34
$4,757.11
$47.57
$110.43
$4,646.69
$46.47
$111.53
$4,535.15
$45.35
$112.65
$4,422.50
$44.23
$919.21
$3,503.29
$35.03
$928.41
$2,574.88
$25.75
$937.69
$1,637.19
$16.37
$947.07
$690.12
$6.90
$690.12
$0.00

$514.32

Sixth Debt = $274.37 + $963.44 = $1237.81

$266.42
$1,237.81

$0.11

Payment

Interest
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$1,237.81
$1,237.81
$1,237.81
$1,237.81
$1,237.81
$1,237.81
$1,237.81
$857.86

$12,619.08
Principal
Remaining Balance
$115.67
$158.70
$12,460.38
$114.22
$160.15
$12,300.24
$112.75
$161.62
$12,138.62
$111.27
$163.10
$11,975.52
$109.78
$164.59
$11,810.92
$108.27
$166.10
$11,644.82
$106.74
$167.63
$11,477.19
$105.21
$169.16
$11,308.03
$103.66
$170.71
$11,137.32
$102.09
$172.28
$10,965.04
$100.51
$173.86
$10,791.18
$98.92
$175.45
$10,615.73
$97.31
$177.06
$10,438.67
$95.69
$178.68
$10,259.99
$94.05
$180.32
$10,079.67
$92.40
$181.97
$9,897.70
$90.73
$183.64
$9,714.06
$89.05
$185.32
$9,528.73
$87.35
$187.02
$9,341.71
$85.63
$188.74
$9,152.97
$83.90
$1,153.91
$7,999.06
$73.32
$1,164.49
$6,834.58
$62.65
$1,175.16
$5,659.42
$51.88
$1,185.93
$4,473.49
$41.01
$1,196.80
$3,276.68
$30.04
$1,207.77
$2,068.91
$18.97
$1,218.84
$850.07
$7.79
$850.07
$0.00

Seventh Debt = $280.85 + $1237.81 = $1518.66

$0.06

Payment

Interest
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85

$19,225.00
Principal
Remaining Balance
$96.13
$184.73
$19,040.28
$95.20
$185.65
$18,854.63
$94.27
$186.58
$18,668.05
$93.34
$187.51
$18,480.54
$92.40
$188.45
$18,292.09
$91.46
$189.39
$18,102.70
$90.51
$190.34
$17,912.37

$379.95
$1,518.66

$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$1,518.66
$1,518.66
$1,518.66
$1,518.66
$1,518.66
$1,518.66
$1,518.66
$1,518.66
$1,518.66
$373.73

$89.56
$88.61
$87.64
$86.68
$85.71
$84.73
$83.75
$82.77
$81.78
$80.78
$79.78
$78.77
$77.76
$76.75
$75.73
$74.70
$73.67
$72.64
$71.59
$70.55
$69.50
$68.44
$61.19
$53.90
$46.58
$39.22
$31.82
$24.39
$16.91
$9.41
$1.86

$191.29
$192.24
$193.21
$194.17
$195.14
$196.12
$197.10
$198.08
$199.07
$200.07
$201.07
$202.08
$203.09
$204.10
$205.12
$206.15
$207.18
$208.21
$209.26
$210.30
$211.35
$1,450.22
$1,457.47
$1,464.76
$1,472.08
$1,479.44
$1,486.84
$1,494.27
$1,501.75
$1,509.25
$371.87

$17,721.08
$17,528.83
$17,335.63
$17,141.46
$16,946.31
$16,750.19
$16,553.10
$16,355.01
$16,155.94
$15,955.87
$15,754.80
$15,552.72
$15,349.63
$15,145.53
$14,940.41
$14,734.26
$14,527.08
$14,318.87
$14,109.61
$13,899.31
$13,687.96
$12,237.74
$10,780.26
$9,315.51
$7,843.42
$6,363.98
$4,877.14
$3,382.87
$1,881.12
$371.87
$0.00

Eigth Debt = $582.82 + 1518.66 = $2101.48

$0.10

Payment

Interest
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82

$49,612.40
Principal
Remaining Balance
$392.76
$190.06
$49,422.34
$391.26
$191.56
$49,230.79
$389.74
$193.08
$49,037.71
$388.22
$194.60
$48,843.10
$386.67
$196.15
$48,646.96
$385.12
$197.70
$48,449.26
$383.56
$199.26
$48,250.00

$1,144.93
$2,101.48

$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48

$381.98
$380.39
$378.79
$377.17
$375.54
$373.90
$372.25
$370.58
$368.90
$367.21
$365.50
$363.78
$362.05
$360.30
$358.54
$356.76
$354.97
$353.17
$351.35
$349.52
$347.67
$218.41
$216.58
$214.75
$212.91
$211.06
$209.20
$207.34
$205.46
$203.57
$201.67
$199.77
$190.26
$180.70
$171.10
$161.45
$151.75
$142.00
$132.20
$122.36
$112.46
$102.52
$92.52

$200.84
$202.43
$204.03
$205.65
$207.28
$208.92
$210.57
$212.24
$213.92
$215.61
$217.32
$219.04
$220.77
$222.52
$224.28
$226.06
$227.85
$229.65
$231.47
$233.30
$235.15
$364.41
$366.24
$368.07
$369.91
$371.76
$373.62
$375.48
$377.36
$379.25
$381.15
$1,901.71
$1,911.22
$1,920.78
$1,930.38
$1,940.03
$1,949.73
$1,959.48
$1,969.28
$1,979.12
$1,989.02
$1,998.96
$2,008.96

$48,049.16
$47,846.73
$47,642.69
$47,437.04
$47,229.77
$47,020.85
$46,810.28
$46,598.04
$46,384.12
$46,168.51
$45,951.19
$45,732.15
$45,511.37
$45,288.85
$45,064.57
$44,838.51
$44,610.66
$44,381.01
$44,149.54
$43,916.24
$43,681.09
$43,316.67
$42,950.44
$42,582.37
$42,212.46
$41,840.70
$41,467.09
$41,091.60
$40,714.24
$40,334.99
$39,953.85
$38,052.13
$36,140.92
$34,220.14
$32,289.76
$30,349.73
$28,400.00
$26,440.52
$24,471.24
$22,492.12
$20,503.10
$18,504.13
$16,495.17

$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$2,101.48
$57.92

$82.48
$72.38
$62.24
$52.04
$41.79
$31.49
$21.14
$10.74
$0.29

$2,019.00
$2,029.10
$2,039.24
$2,049.44
$2,059.69
$2,069.99
$2,080.34
$2,090.74
$57.64

$14,476.17
$12,447.07
$10,407.83
$8,358.38
$6,298.70
$4,228.71
$2,148.37
$57.64
$0.00

Ninth Debt = $1149 + 2101.48 = $3250.48

$0.06

Payment

Interest
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00

$119,412.57
Principal
Remaining Balance
$597.06
$551.94
$118,860.63
$594.30
$554.70
$118,305.94
$591.53
$557.47
$117,748.47
$588.74
$560.26
$117,188.21
$585.94
$563.06
$116,625.15
$583.13
$565.87
$116,059.27
$580.30
$568.70
$115,490.57
$577.45
$571.55
$114,919.02
$574.60
$574.40
$114,344.62
$571.72
$577.28
$113,767.34
$568.84
$580.16
$113,187.18
$565.94
$583.06
$112,604.11
$563.02
$585.98
$112,018.14
$560.09
$588.91
$111,429.23
$557.15
$591.85
$110,837.37
$554.19
$594.81
$110,242.56
$551.21
$597.79
$109,644.77
$548.22
$600.78
$109,044.00
$545.22
$603.78
$108,440.22
$542.20
$606.80
$107,833.42
$539.17
$609.83
$107,223.58
$536.12
$612.88
$106,610.70
$533.05
$615.95
$105,994.76
$529.97
$619.03
$105,375.73
$526.88
$622.12
$104,753.61
$523.77
$625.23
$104,128.38
$520.64
$628.36
$103,500.02
$517.50
$631.50
$102,868.52
$514.34
$634.66
$102,233.86

$2,043.56
$3,250.48

$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48

$511.17
$507.98
$504.78
$501.55
$498.32
$495.06
$491.79
$488.51
$485.21
$481.89
$478.55
$475.20
$471.83
$468.44
$465.04
$461.62
$458.18
$454.73
$451.26
$447.77
$444.26
$440.74
$437.20
$433.64
$430.06
$426.47
$422.86
$419.22
$415.58
$411.91
$408.22
$394.01
$379.73
$365.38
$350.95
$336.45
$321.88
$307.24
$292.52
$277.73
$262.87
$247.93
$232.92

$637.83
$641.02
$644.22
$647.45
$650.68
$653.94
$657.21
$660.49
$663.79
$667.11
$670.45
$673.80
$677.17
$680.56
$683.96
$687.38
$690.82
$694.27
$697.74
$701.23
$704.74
$708.26
$711.80
$715.36
$718.94
$722.53
$726.14
$729.78
$733.42
$737.09
$2,842.26
$2,856.47
$2,870.75
$2,885.10
$2,899.53
$2,914.03
$2,928.60
$2,943.24
$2,957.96
$2,972.75
$2,987.61
$3,002.55
$3,017.56

$101,596.03
$100,955.01
$100,310.78
$99,663.34
$99,012.66
$98,358.72
$97,701.51
$97,041.02
$96,377.22
$95,710.11
$95,039.66
$94,365.86
$93,688.69
$93,008.13
$92,324.17
$91,636.79
$90,945.98
$90,251.71
$89,553.97
$88,852.74
$88,148.00
$87,439.74
$86,727.94
$86,012.58
$85,293.64
$84,571.11
$83,844.97
$83,115.19
$82,381.77
$81,644.67
$78,802.42
$75,945.95
$73,075.20
$70,190.10
$67,290.57
$64,376.54
$61,447.94
$58,504.70
$55,546.75
$52,574.00
$49,586.39
$46,583.84
$43,566.28

$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$3,250.48
$2,951.84

$217.83
$202.67
$187.43
$172.11
$156.72
$141.25
$125.71
$110.08
$94.38
$78.60
$62.74
$46.80
$30.78
$14.69

$3,032.65
$3,047.81
$3,063.05
$3,078.37
$3,093.76
$3,109.23
$3,124.77
$3,140.40
$3,156.10
$3,171.88
$3,187.74
$3,203.68
$3,219.70
$2,937.16

$40,533.63
$37,485.82
$34,422.77
$31,344.40
$28,250.64
$25,141.42
$22,016.64
$18,876.25
$15,720.15
$12,548.27
$9,360.53
$6,156.85
$2,937.16
$0.00

$298.64