Calculate Monthly Payments For Mortgage or Annuity Part A Correct Formula PV=R((1-(1+i)^(-n))/i)
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Correct Answer is then 1367.23
Correct Answer is then 1367.23 for monthly payments as written by my Subscriber. Thanks
Excellent example to understand the concept.
Watch Part B of this video also for renewal of mortgage. Mortgage Renewal After 5 Years Part B
Annuity Future Value: Annuity and Future Value Formula Deri...
#annuity_FutureValue_mortgage #financial_applications #simpleinterest #compoundinterest #futurevalue #financialliteracy #AnilKumar #GlobalMathInstitute #MPM2d_DataManagement
@mathematicstutor
Anil Kumar FREE Math Class Booking:
Present Value P of an Annuity of n payments of R each at the end of consecutive interest periods with interest compounded at a rate i per period is given by the formula: PV=R((1-(1+i)^(-n))/i)
Annuity and Future Value: Annuity and Future Value Formula Deri...
Related Example: Calculate Monthly Mortgage Payment gi...
Part B: Mortgage Renewal After 5 Years Part B
Note the correction in the Formula of PV. Please correct the formula: PV = R[1 - (1 + i)^(-n)]/i
In your calculations use (1 + i) and not (1 - i).
Correct Answer is then 1367.23 for monthly payments as written by my Subscriber. Thanks
Excellent example to understand the concept.
Watch Part B of this video also for renewal of mortgage. Mortgage Renewal After 5 Years Part B
Excellent example to understand the concept.
Watch Part B of this video also for renewal of mortgage. Mortgage Renewal After 5 Years Part B
Annuity Future Value: Annuity and Future Value Formula Deri...
#annuity_FutureValue_mortgage #financial_applications #simpleinterest #compoundinterest #futurevalue #financialliteracy #AnilKumar #GlobalMathInstitute #MPM2d_DataManagement
@mathematicstutor
Anil Kumar FREE Math Class Booking:
Present Value P of an Annuity of n payments of R each at the end of consecutive interest periods with interest compounded at a rate i per period is given by the formula: PV=R((1-(1+i)^(-n))/i)
Annuity and Future Value: Annuity and Future Value Formula Deri...
Related Example: Calculate Monthly Mortgage Payment gi...
Part B: Mortgage Renewal After 5 Years Part B
Note the correction in the Formula of PV. Please correct the formula: PV = R[1 - (1 + i)^(-n)]/i
In your calculations use (1 + i) and not (1 - i).
Correct Answer is then 1367.23 for monthly payments as written by my Subscriber. Thanks
Excellent example to understand the concept.
Watch Part B of this video also for renewal of mortgage. Mortgage Renewal After 5 Years Part B
10 سال پیش
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