| PVOA= | $5,053 | |||||||
| $500 | $500 | $500 | $500 | $500 | ||||
| ..... | ||||||||
| ← 1 year → | ← 1 year → | ← 1 year → | ← 1 year → | ← 1 year → | ||||
| 1/1/09 | 12/31/09 | 12/31/10 | 12/31/11 | 12/31/12 | 12/31/?? | 12/31/?? | ||
| 0 | 1 | 2 | 3 | 4 | ? | n=?? | ||
| PVOA = | PMT times [ PVOA factor for n = ?? years; i = 6% per year ] | |
| $5,053 = | $500 times [ PVOA factor for n = ?? years; i = 6% per year ] | |
| $10,152 / 5.076 = | [ PVOA factor for n = ?? years; i = 6% per year ] | |
| 10.106 = | [ PVOA factor for n = ?? years; i = 6% per year ] | |
| 10.106 = | PVOA factor for n = 16 years; i = 6% per year |
Investment Account Activity
W/D No. Date Interest Added Withdrawal Account Balance Jan. 1, 2009 $ 5,053.00 1 Dec. 31, 2009 $ 303.18 $ 500.00 $ 4,856.18 2 Dec. 31, 2010 291.37 500.00 4,647.55 3 Dec. 31, 2011 278.85 500.00 4,426.40 4 Dec. 31, 2012 265.58 500.00 4,191.99 5 Dec. 31, 2013 251.52 500.00 3,943.51 6 Dec. 31, 2014 236.61 500.00 3,680.12 7 Dec. 31, 2015 220.81 500.00 3,400.92 8 Dec. 31, 2016 204.06 500.00 3,104.98 9 Dec. 31, 2017 186.30 500.00 2,791.28 10 Dec. 31, 2018 167.48 500.00 2,458.76 11 Dec. 31, 2019 147.53 500.00 2,106.28 12 Dec. 31, 2020 126.38 500.00 1,732.66 13 Dec. 31, 2021 103.96 500.00 1,336.62 14 Dec. 31, 2022 80.20 500.00 916.81 15 Dec. 31, 2023 55.01 500.00 471.82 16 Dec. 31, 2024 28.31 500.00 0.13
| PVOA= | $4,461 | |||||||
| $600 | $600 | $600 | $600 | $600 | ||||
| ..... | ||||||||
| ← 6 months → | ← 6 months → | ← 6 months → | ← 6 months → | ← 6 months → | ||||
| 1/1/09 | 7/1/09 | 1/1/10 | 7/1/10 | 1/1/11 | ?? | ?? | ||
| 0 | 1 | 2 | 3 | 4 | ? | n=?? | ||
| PVOA = | PMT times [ PVOA factor for n = ?? semiannual periods; i = 4% per semiannual period ] | |
| $4,461 = | $600 times [ PVOA factor for n = ?? semiannual periods; i = 4% per semiannual period ] | |
| $4,461 / $600 = | [ PVOA factor for n = ?? semiannual periods; i = 4% per semiannual period ] | |
| 7.435 = | [ PVOA factor for n = ?? semiannual periods; i = 4% per semiannual period ] | |
| 7.435 = | PVOA factor for n = 9 semiannual periods; i = 6% per semiannual period |
Loan Amortization Schedule
(For $4,461 at 8% per year with 9 semiannual payments.)
Pmt No. Date Total Payment Interest Payment* Principal Payment** Principal Balance Jan. 1, 2009 $ 4,461.00 1 July 1, 2009 $ 600.00 $ 178.44 $ 421.56 4,039.44 2 Jan. 1, 2010 600.00 161.58 438.42 3,601.02 3 July 1, 2010 600.00 144.04 455.96 3,145.06 4 Jan. 1, 2011 600.00 125.80 474.20 2,670.86 5 July 1, 2011 600.00 106.83 493.17 2,177.70 6 Jan. 1, 2012 600.00 87.11 512.89 1,664.80 7 July 1, 2012 600.00 66.59 533.41 1,131.39 8 Jan. 1, 2013 600.00 45.26 554.74 576.65 9 July 1, 2013 600.00 23.07 576.93 (0.28)
* Interest payment equals 4% of the previous principal balance.
** Principal payment equals $600 minus interest payment.


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