PV=200*[1-(1+.0512-12*30)](.0512) FV= 37256.32 * [1+.0512(12*30)]
PV=200*[1-(1+.004166666-360)].004166666 FV= 37256.32 * 4.467744314 PV=155.2346702.004166666 FV= 166451.71 PV= 37256.32 TOTAL MONEY= $ 166451.71
B) what formula would I use for this?
C) the total interest earned over a period of 30 years is $175.12
D) I do not get this part of the question
2. PV=2000*[1-(1+.3512-12*20 )] .3512 = PV=2000*[1-1+.029166666-240].029166666 = PV=1997.984145.029166666 =
PV= 68,502.31512
3. PV=1000000*[ 1-(1+.0812-12*40) ].0812
PV=1000000*[ 1- 1+ .006666666-480)].006666666
PV=958802.6154.006666666
PV= 143,820,406.7
4. R= Pi1-1+i-n = R=60000.65121-(1+.6512)- 12*20 = R=32501-.000003175 = R=3250.999996825 =
R=3250.010319
5. You wish to purchase a house for $200,000 with 20% down. You will have it financed over 30 years at a rate of 8%. In addition, your yearly real estate tax is $4,800 while your monthly insurance payment on the home will be $30. What is your monthly mortgage payment? How much does your house cost per month including principal, interest, real estate taxes, and insurance?
- I have no clue how to start this problem, can you help me start it