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How do you get 113,619.45 for the PMT? PV(Saving) = PV(Tuition)+ PV(Home)+PV(Retire) PV (Saving) = 15000/0.0815*(1-1/1.0815-30)=166504.70 PV(Tuition) = 120,000/1.0815-18 = 29288.95 PV(Home) = 200,000/1.0815435 =

How do you get 113,619.45 for the PMT? image text in transcribed
PV(Saving) = PV(Tuition)+ PV(Home)+PV(Retire) PV (Saving) = 15000/0.0815*(1-1/1.0815-30)=166504.70 PV(Tuition) = 120,000/1.0815-18 = 29288.95 PV(Home) = 200,000/1.0815435 = 12885.51 PV(Retire) = PMT/0.0815*(1-1/1.0815^35)/1.0815-30 SO PMT = 113619.45

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