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Camp millowski

16/12/2020 Client: saad24vbs Deadline: 10 Days

Documentation

Shelly Cashman Excel 2016 | Module 4: SAM Project 1a

Camp Millowski

FINANCIAL FUNCTIONS, DATA TABLES, AND AMORTIZATION SCHEDULES

Author: Jesus Mojica

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 SAM website.

Campground Mortgage

Camp Millowski

Mortgage Loan Payment Calculator Amortization Schedule

Date 15-Aug-18 Rate 5.750% Year Beginning Balance Ending Balance Paid on Principal Interest Paid

Item Campground Term (Years) 15 1 $ 388,800.00 $ 371,973.53

Price $ 486,000.00 Monthly Payment 2 $ 371,973.53 $ 354,153.63

Down Payment $ 97,200.00 Total Interest $ (388,800.00) 3 $ 354,153.63 $ 335,281.65

Loan Amount $ 388,800.00 Total Cost $ 97,200.00 4 $ 335,281.65 $ 315,295.47

5 $ 315,295.47 $ 294,129.30

Varying Interest Rate Schedule 6 $ 294,129.30 $ 271,713.49

Rate Monthly Payment Total Interest Total Cost 7 $ 271,713.49 $ 247,974.26

8 $ 247,974.26 $ 222,833.46

3.500% 9 $ 222,833.46 $ 196,208.36

3.750% 10 $ 196,208.36 $ 168,011.31

11 $ 168,011.31 $ 138,149.52

12 $ 138,149.52 $ 106,524.69

13 $ 106,524.69 $ 73,032.73

14 $ 73,032.73 $ 37,563.42

15 $ 37,563.42 $ - 0

Subtotal $ - 0 $ - 0

Down Payment

Total Cost $ - 0

Campground Research

Camp Name Firefly Pines Camp Serenity Tame River Camp Shepard

Year Purchased 2013 2010 2009 2005

Price $ 500,500.00 $ 580,000.00 $ 425,000.00 $ 320,000.00

Loan Amount $ 340,340.00 $ 487,200.00 $ 280,500.00 $ 240,000.00

Rate 5.255% 6.359% 4.586% 5.125%

Term (Years) 15 15 20 15

Monthly Payment $ 2,736.81 $ 4,206.36 $ 1,787.63 $ 1,913.57

Total Interest

Total Cost $ 500,500.00 $ 580,000.00 $ 425,000.00 $ 320,000.00

Current Year of Mortgage 5 8 9 13

Mortgage Balance at End of Current Year

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