What is the principal balance on the loan
Problem:
I have a 30-year $100,000 mortgage loan with an APR of 6% and monthly payments. In 12 years I will sell my home and pay off the mortgage. What is the principal balance on the loan?
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What would you expect the impact of varying terms (years needed to pay off the loan) and rates to be using TVM rules?
I have $10,000 cash to invest with a bank offering a 4% interest rate. I am not sure if I should invest the cash with the interest compounded quartely
An initial ABIS audit shows that many areas of the lab are not prepared to conduct extensive computer forensic evidence collection.
In 12 years I will sell my home and pay off the mortgage. What is the principal balance on the loan?
What is the present value of this 20 year cash flow. Use a 11% discount rate.
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Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for next 15 yrs and expects to earn a 8% annual rate of return
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