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Amortization Tables


Discussion

The LoanFunctions.m package has a function that automatically generates an amortization table for a loan. In the following the function AmortizationReport generates an amortization table in a separate notebook. The approachtaken for the funcion AmortizationReport follows that described in the section on formatting tabular results and automatic report generation.

Examples

Here is the amortization table for the first 10 payments on a 15 year mortgage of $100000 at 7.3% interest.

[Graphics:Images/amortization_gr_8.gif]
[Graphics:Images/amortization_gr_9.gif]


Here is the amortization table for the first 10 payments on a 15 year mortgage of $100000 where the first 6 payments are at 7.3% interest and subsequent payments are at 8.4%.

[Graphics:Images/amortization_gr_10.gif]
[Graphics:Images/amortization_gr_11.gif]


Here is the amortization table for the first payments on a 15 year mortgage of $100000 at 7.3% interest. The payments are shown at one year intervals.

[Graphics:Images/amortization_gr_12.gif]
[Graphics:Images/amortization_gr_13.gif]

 


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