1. Furniture Financing
Burr's Oak
Don't Knock Our Wood
Total Price Paid $15,575.00 Rate 14.75%
Down Payment $3,000.00 Years 8
Financing Amount $12,575.00 Monthly Payment $223.85
Beginning Ending Paid On Interest
Year Balance Balance Principal Paid
1 $12,575.00 $11,685.07 $889.93 $1,796.24
2 11,685.07 10,654.62 1,030.45 1,655.73
3 10,654.62 9,461.47 1,193.15 1,493.03
4 9,461.47 8,079.93 1,381.54 1,304.64
5 8,079.93 6,480.27 1,599.67 1,086.51
6 6,480.27 4,628.02 1,852.24 833.93
7 4,628.02 2,483.33 2,144.70 541.48
8 2,483.33 - 2,483.33 202.85
9 - - - -
10 - - - -
11 - - - -
12 - - - -
13 - - - -
14 - - - -
15 - - - -
Subtotal $12,575.00 $8,914.41
Down Payment $3,000.00
Total Cost $24,489.41
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2. Scenario 1
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15
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3. Scenario 2
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15
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4. Scenario 3
0.1
30
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