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Financial Planning: Home and Car Leasing Calculations

Learn how to calculate monthly loan payments for home and car purchases using TVM solver with real-life examples and compound interest scenarios. Understand terms like interest rate, present value, and payment frequency.

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Financial Planning: Home and Car Leasing Calculations

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  1. TVM Solver Day 1 Home and Car Leasing and Buying

  2. TVM Solver

  3. TVM Solver

  4. Example 1 If Susan buys a house for $150,000 with an interest rate of 3.5% compounded monthly for thirty years. What would be her monthly payments?

  5. Example 1 • If Susan buys a house for $150,000 with an interest rate of 3.5% compounded monthly for three years. What would be her monthly payments?

  6. Compound Interest Examples • What will the monthly payment be if you bought a car for 48 months with a present value of $45,000, you make a down payment of $6,000 and get an interest rate of 2.5%? N=48 I%=2.5 PV= -45,000 PMT= FV= 0 P/Y=12 C/Y=12 PMT:END

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