Originally Posted by Rain Man
Here's how I'd do it. I didn't bother to separate out the principal and interest, though that would be easy to do.
I used two methods - one using Excel's FV function, and the other calculated manually. The manual method is using a continuous growth assumption, so it's off a tad bit, I'll bet.
Wow. Thank you. I'm giving you rep every day as long as I am on this board. Thanks Rain Man for the help. I appreciate it.