Calculate the present value of 120 monthly payments of $1,000 at an annual
rate of 12%. The payments are made at the beginning of each month.
In five years we need $125,000. How much do we deposit today if the annual
interest rate is 8%, compounded annually?
In five years we need $25,000. How much do we deposit today if the annual
interest rate is 8%, compounded monthly?
Create a monthly loan amortization schedule for the following loan:
The amount to borrow is:			15,000.00
Term of the loan:			3 years
Annual interest rate:			6%
Loan payments are made monthly.
Please start the loan amortization schedule here: