1 / 6

TVM Solver Day 1

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

sheilaf
Download Presentation

TVM Solver Day 1

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related