Page 1 of 2 Boat Loan Calculator http://www.vertex42.com/Calculators/boat-loan-calculator.html © 2007 Vertex42, LLC v 1.0 Inputs Boat Loan Amount Annual Interest Rate Term of Loan in Years First Payment Date Frequency of Payment $ 45,000 7.50% 10 1/1/2007 Monthly 50,000 40,000 Effect of Extra Payments Total Payments $ 64,098.87 Total Interest $ 19,098.87 Reduced Interest Number of Payments Last Payment Date 120 12/1/2016 Balance No Extra Payments None Summary (with no extra payments) Number of Payments Rate (per period) Payment (per period) Total Interest Total Payments 120 0.625% $534.16 $19,098.96 $64,098.96 . Additional Payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30,000 20,000 10,000 0 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 -10,000 Jan-16 No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Due Date 1/1/2007 2/1/2007 3/1/2007 4/1/2007 5/1/2007 6/1/2007 7/1/2007 8/1/2007 9/1/2007 10/1/2007 11/1/2007 12/1/2007 1/1/2008 2/1/2008 3/1/2008 4/1/2008 5/1/2008 6/1/2008 7/1/2008 8/1/2008 9/1/2008 10/1/2008 11/1/2008 12/1/2008 1/1/2009 2/1/2009 3/1/2009 4/1/2009 5/1/2009 Payment Due 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 534.16 Interest 281.25 279.67 278.08 276.48 274.87 273.25 271.62 269.98 268.32 266.66 264.99 263.31 261.62 259.91 258.20 256.47 254.74 252.99 251.23 249.47 247.69 245.90 244.09 242.28 240.46 238.62 236.77 234.92 233.05 Principal 252.91 254.49 256.08 257.68 259.29 260.91 262.54 264.18 265.84 267.50 269.17 270.85 272.54 274.25 275.96 277.69 279.42 281.17 282.93 284.69 286.47 288.26 290.07 291.88 293.70 295.54 297.39 299.24 301.11 Balance $45,000.00 44,747.09 44,492.60 44,236.52 43,978.84 43,719.55 43,458.64 43,196.10 42,931.92 42,666.08 42,398.58 42,129.41 41,858.56 41,586.02 41,311.77 41,035.81 40,758.12 40,478.70 40,197.53 39,914.60 39,629.91 39,343.44 39,055.18 38,765.11 38,473.23 38,179.53 37,883.99 37,586.60 37,287.36 36,986.25 http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC Page 2 of 2 30 31 32 33 34 35 36 6/1/2009 7/1/2009 8/1/2009 9/1/2009 10/1/2009 11/1/2009 12/1/2009 534.16 534.16 534.16 534.16 534.16 534.16 534.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 231.16 229.27 227.36 225.45 223.52 221.58 219.62 303.00 304.89 306.80 308.71 310.64 312.58 314.54 36,683.25 36,378.36 36,071.56 35,762.85 35,452.21 35,139.63 34,825.09 http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC