Calculating Present and Future Value and Loan Amortizations

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jenkins392
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$5.00 Calculating Present and Future Value and Loan Amortizations

From Business: General-Business , Mathematics: General-Mathematics
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Due on Sep. 25, 2008
Asked on Sep 25, 2008 at 9:09:25PM

Q:
Assignment:
Resource: Fundamentals of Contemporary Financial Management; it may be helpful to
refer to the following online calculator:
http://www.swlearning.com/finance/investment_calculator/starthere.htm
Mortgage Calculators:
o http://www.mortgage-calc.com/mortgage/simple.php (Simple interest)
o http://mortgages.interest.com/content/calculators/index.asp (Variety of mortgage
types, calculator)
o http://www.mortgageloan.com/calculator/ (General mortgage calculator)
o http://www.mortgage101.com/partner-scripts/calculators.asp (Mortgage and Loan
calculator)
Due Date: Day 7 [Individual forum]
Complete problems 2, 4, 13, 17, 26, 30, 37, 38, & 40 on text pp. 207-211 of Ch. 6.
Post your answers as an attachment.

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speedtype

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$20.00 Future Value and Loan Amortizations

This tutorial was purchased 14 times and rated A+ by students like you.
Posted on Sep 25, 2008 at 9:15:35PM

A:
Preview: ... ) = $1,200(7.536)(1.08)
= $9,766.66
Calculator: Set calculator to beginning of period cash flows. Enter PMT=$-1200, I/Y=8%, N=12. Compute PV=$9,766.76
Alternative b:
Present value cost equals $10,000 (given). Therefore, choose Alternative 1 because it has a lower present value cost.

13. PVAN0 = $30,000 - $5,000(down) - $750 (loan origination fee) = $24,250
Origination fee = 0.03 x $25,000 = $750
$24,250 = $3,188(PVIFAi,15)
PVIFAi,15 = 7.607
Therefore, i = 10% from Table IV
Calculator: PV=24250; PMT=-3188; N=15; Compute I/Y=10%

17. $30,000 = PMT(PVI ...

The full tutorial is about 483 words long plus attachments.

Attachments:
Future Value and Loan Amortizations.doc (30K) (Preview)

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chrisinkansas

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$4.84 Detailed Answer. Work shown A+

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Posted on Dec 20, 2008 at 11:55:32PM

A:
Preview: ... 5 years at 9%:
PV0 = $15,000(PVIF9,5) = $15,000 (0.650) = $9,750
Calculator: FV=-15000; I/Y=9%; N=5; ...

The full tutorial is about 76 words long plus attachments.

Attachments:
Finance Week 3 Assignment.doc (37K) (Preview)

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JillatUniversityofPh
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$3.85 Complete answers. Work shown. Any questions feel free to ask

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Posted on Feb 01, 2009 at 1:36:14PM

A:
Preview: ... he answer.
C. Present value of a 15 year, $1,000 annuity that would be at 9 percent = $1,000.00 PV = $1,000(8.06) = 8,064.00 Calculator: Payment=-1000; I/Y=9%; N=15; answer is=8,058.69. $15,000.00 that you saved in 5 years would be very good because you would receive the 9 percent interest off instead of paying for it..

4. (1) $1,200.00 (1.0 + 0.080) = $1,200(7.5360)(1.080) = 9,766.66 Inputs to Calculator: Enter PMT=$-1200, I/Y=8%, N=12. Answer is 9,766.76

(2) The present value that is prov ...

The full tutorial is about 439 words long .