Credit card — 6 month declining balance

CREDIT CARD, 6 month declining balance table Play More Game

Statement Balance / PV — $

APR (%)

IR Monthly (%)

MIN PMT / PMT — $

AMORTIZATION SCHEDULE

N Time	PV BALANCE of Loan $$$ owed	APR annual % rate	IR interest per cycle	PMT Payment cash flow out CFO	Interest $$$ owed to LENDER	Principal Reduction Amount	FV new balance owing lender = future value
START begin month BOM 1
End Of Month EOM 1
note the prior month FV becomes the new PV & begins the next month
EOM 2
EOM 3
EOM 4
EOM 5
EOM 6

Green / red cells compare to the built-in lesson answer key (same pattern as the car loan worksheet).