I'm needing some relief with the following time value of money problems (and I need to know how to input this on a financial calculator-- I have an HP 10BII)
*Posit that you and your spouse have recently purchased a house with a loan of
Amount Owed at end of 20 years = 50,000 x FVIF(15%,20) - 7,988.07 x FVIFA(15%,20)
Amount Owed at end of 20 years = $818326.87 - $818326.51
Amount Owed at end of 20 years = $0
Amount Paid at end of 20 years = $50,000 - $0
Amount
AlanGreenspan | Nov 03, 2010
I see that someone else asked the same quiz, but I am looking for the actual equation used to get there, as I am working without a financial calculator.
The problem is:
An investment offers to pay you $10,000 a year for five years.
Using the PVIFA tables:
PV = 33520
a=10000
i=?
n=5
PV=a x PVIFA,n,i
PVIFA,5,i = 3.352
Look up the tables and we find i=15%
Using the rubric:
PVIFA
Steve S | May 19, 6329
You have a 40 year old customer, who wants to start saving for retirement, with her first payment coming one year from now. She can save $5,000 per year, and calculate an average return of 9% in the future.
A.) How much money will she have
you get an A
John M | May 19, 4647
Is the Reagan Era Officially Over?
Sen. Chuck Schumer has called the modern Democratic takeover of Congress the end of the Reagan era.
Friday, December 1, 2006
Star Parker - Scripps Howard Advice Service
Sen.
You are assuredly correct. I wonder how many congressmen have diversified portfolio's, and why they don't figure out a way to wean us off the Social Security to a system of required private accounts. I'd bet most have mutual funds where they see 8-12%
robling_dwrdesign | Dec 02, 2006
Surveillance Benefit, a provider of mutual funds, annuities, exchange traded funds, retirement plans and programs, has entered into unanimity with Pershing, a BNY Mellon company, to make available the EliteDesigns variable annuity on Pershing's NetX360 stand.
The Zurich-based insurer reported profits of $835 million for the first nine months, down 60% compared with the same span in 2010. For the third quarter, ACE reported a $31 million loss compared
In cause of deferred annuities, you have to advance payment your funds by the means of investing in either disinterestedness indexed annuity, longevity annuity, unpredictable annuity, or resolved annuity with...