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Rate 7% 15 40 75 Forever $ (5,500.00) PV $ 50,093.53 $ 73,324.40 $ 78,079.98 $ 78,571.43

The document contains information about various loans, interest rates, and calculations. It provides the annual percentage rates (APR), stated interest rates, number of periods, payment amounts, present and future values for different loans and interest compounds. It also includes examples comparing the costs of buying versus leasing a car.

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Arpi Orujyan
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47 views18 pages

Rate 7% 15 40 75 Forever $ (5,500.00) PV $ 50,093.53 $ 73,324.40 $ 78,079.98 $ 78,571.43

The document contains information about various loans, interest rates, and calculations. It provides the annual percentage rates (APR), stated interest rates, number of periods, payment amounts, present and future values for different loans and interest compounds. It also includes examples comparing the costs of buying versus leasing a car.

Uploaded by

Arpi Orujyan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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rate 7%

15 40 75 forever
$ (5,500.00)
PV $ 50,093.53 $ 73,324.40 $ 78,079.98 $ 78,571.43

The value after all payments after 75: $ 491.45


FV $ 55,000.00
Rate 9%
PV $ 611,111.11

Annuity due $ 666,111.11


PV $ 53,000.00
NPER 7
Rate 8.30%
PMT $ (10,284.52)
Rate NPER EAR
Lion Bank 15.20% 12 16.3%
First United Bank 15.40% 2 16.0%

As a borrower I would go to the First United Bank to get a


new loan ans the effective rate of interest of the Lion Bank is
much higher than the one of the First United Bank
Stated rate (APR) Number of times compounded Effective rate(EAR)
10% 4 10.38%
15% 12 16.08%
16% 365 17.35%
12% Infinite 12.75%
Stated rate (APR) Number of times compounded
8.8% 2
12.3% 12
9.5% 52
18.2% Infinite(continuous)
Effective annual rate(EAR)
9%
13%
10%
20%
PV $ (4,700.00)
NPER 5 10 20
Rate 9.30%
FV $ 7,331.60 $ 11,436.67 $ 27,829.22
PV $ 17,000.00
Rate 1.50%
PMT $ (4,800.00)
NPER(years) 3.7
PMT 400
Rate 11%
m 12
NPER 30

rate monthly 0.009166666666667


n 360
FV ($1,121,807.89)
FV 1,000,000.00 Year 1 33,333.33
NPER 30 Growth Annut 15.1108289
RATE 9% PV 503,694.30
GROWTH 4%
Salary Year 0 52,000 Growth Annuit 12.29853
RATE 10%
GROWTH 3% PV 32935.4633
NPER 30 FV 574704.148
Percentage of Salary 5%

Salary Year 1 53560


Cash Flow 1 2678
RATE PMT -9500
12% $64,703.21 n 15
6% $92,266.37
18% $48,369.99

PV of annuity decreases with rising


interest rates.
Loan Price 240,000 PV $184,817.42
APR 6.35% Amt Left $55,182.58
RATE (monthly) 0.00529167 FV $368,936.54
T 360
PMT 1150
PV 68,000 APR 7.85%
RATE (monthly) 0.654%
NPER 60

PMT (monthly) $1,373.92


PV $ 42,000.00
NPER 5
Rate 8.00%
PMT $ (10,519.17)

Year-end Total
Beginning-of- Amortization End-of-Year
Year Interest on Year-end
Year Balance of Loan Balance
Balance Payment
1 $ 42,000.00 $ 3,360 $10,519.17 $7,159.17 $34,840.83
2 $34,840.83 $ 2,787 $10,519.17 $7,731.90 $27,108.92
3 $27,108.92 $ 2,169 $10,519.17 $8,350.46 $18,758.47
4 $18,758.47 $ 1,501 $10,519.17 $9,018.49 $9,739.97
5 $9,739.97 $ 779 $10,519.17 $9,739.97 $0.00
$ 10,596
Interest in the 3rd year is $2169 and the total interest is $10596.
Buying Option APR 7%
Price 31,000 Selling Price after 3 years 23,000
RATE 0.583%
NPER 36
PMT $957.19
Buying the car is a better option
because after selling the car, you cost
Total Payment $34,458.84 on the car is less than if you had leased
Total-Sale $11,458.84 the car.

Leasing Option
Down 99
Monthly 460
NPER 36
Total $ 16,659.00

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