Interest schemes

Loan present worth

Loan interest owed at 5%

Amount owed at end of year $

Principle payment

Annual payment

Periods

1

1000

50

1050

200

250

2

800

40

840

200

240

3

600

30

630

200

230

4

400

20

420

200

220

5

200

10

210

200

210

Total

$150

$1000

$1150