Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi! I need help using the PROVIDED excel sheet to calculate my answer. please help me figure out which calculator to use and where to

hi! I need help using the PROVIDED excel sheet to calculate my answer. please help me figure out which calculator to use and where to put the given info in the excel sheet-
i have to use the excel sheet that is given so please do not send me a new excel..
the original problem is provided in photo-
the answers to this problem is
A)= 200,450
B) = 1,076.06
C)= 1,201.80
please help me figure out which calculators to use and where to put the #'s
ty!!
image text in transcribed
image text in transcribed
image text in transcribed
I just need to know where to put the numbers given in the problem into the calculators given-
the calculators he has given us already have the formula to calculate the answer.
thanks- if you cant do that please dont answer
You want to buy a $211,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be if the interest rate is 5%? $ c) What will your monthly payments be if the interest rate is 6%? $ Compount Interest Calculation Simple Interest Calculation 500.00 $ $ 50.00 Present Value (Principal) $3,000.00 Interest Rate 6% Number of Years 20 2% Present Value Payments Interest Rate Term (years) Compounding periods Future Value 5 12 Future Value $6,600.00 $3,726.24 Annunity Payout Mortgage Payments Present Value Interest Rate Term (years) Compounding periods $ 320,243.29 8% 25 1 Present Value Interest Rate Term (years) Compounding periods $187,500.00 3.75% 23.54975292 12 Payment $30,000.00 Payment $1,000.00 Annuity Investment Payments Savings Accounts $ Future Value Interest Rate Number of Years $ 300,000.00 10% 30 Present Value Payment Interest Rate Compounding periods Term (years) 500.00 $50 2.20% 12 Payments $132.71 5 Payment $3,726.24

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting The Cornerstone Of Business Decision Making

Authors: Jay S Rich, Jeff Jones, Linda Ann Myers

5th Edition

0357132696, 978-0357132692

More Books

Students also viewed these Accounting questions

Question

The sales staff is preparing guidelines for (their, its) clients.

Answered: 1 week ago