You get a 65% LTV loan on a $770,000 purchase at 5% amortized over 25 years. What is the monthly payment?
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Answer for 05/18/2015:
(N=48,I=4,PV=1,000,000,FV=0) PMT= $22,579.05
What is the payment on a $1,000,000 loan at 4% amortized over four years?
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Answer for 05/04/2015:
(I=7,PV= -5000,PMT=100,FV=0) N=59.29
If you have a note that is paying you $100 a month, how many payments would you need to sell to someone that wanted to make 7% on their money if you need to raise $5000?
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Answer for 04/20/2015:
(I=10,PV=42,000,PMT= -2000,FV=0) N=23.18
If you borrowed $42,000 at 10% and made $2000 payments a month, how long would it take to pay off the loan?
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Answer for 04/06/2015:
(N=216,I=1.92,PV=1,500,000,FV=-0) PMT= -8,218.93
You borrow $1,500,000 at 30 day LIBOR with a 1 3/4 spread amortized over 18 years. If LIBOR is 17 basis points today, what is your payment?
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Answer for 03/23/2015:
(N=240,I=5%,PV=333,333.33,FV=0) PMT= -2,199.85
What would be the payment on the bank portion of the loan? (See problem 02/23/2015)
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Answer for 03/09/2015:
(N=480,I=1.5,PV=300,000, FV=0) PMT= -831.52
What would be the payment on the FSA portion of the loan? (See 02/23/2015 problem)
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Answer for 02/23/2015:
$300,000 / 45% = $666,666.67
You can purchase a farm with 5% down, 45% of the purchase price with a FSA loan at 1.5% amortized over 40 years (with a maximum FSA loan of $300,000) and 50% of the purchase price with bank loan at 5% with 10 years fixed, amortized over 20 years. If you wanted to maximize the FSA portion of the loan, how much should the purchase price be?
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Answer for 02/09/2015:
(N=63,I=10,PMT= -132.15,FV=0) PV=$6,456.69
You have a loan at 10% with payments of $132.15 a month that can be paid off in 63 months. What is the current balance of the loan?
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Answer for 01/26/2015:
(N=120,I=8,PV= -100,000,PMT= -8333.33) PV=$1,746,514.32
If you start with $100,000 and add $100,000 a year in monthly installments earning 8% compounded monthly, how much money would you have at the end of 10 years?
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Answer for 01/12/2015
(I=4,PV=300,000,PMT= -5000,FV=0) N= 67.05
