Question

PMT Years I/YR P/YR PV ? 28 3 4 -79972 HOW TO GET PMT PMT Years...

PMT Years I/YR P/YR PV ? 28 3 4 -79972 HOW TO GET PMT

PMT Years I/YR P/YR PV
? 28 3 4 -79972
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

PMT can be calculated using financial calculator or excel PMT function

Using financial calculator
Input: N = 28*4 = 112

I/Y = 3/4

PV = -79972

Solve for PMT as

PMT =

$1,057.95

In Excel

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
PMT Years I/YR P/YR PV 4751 18 5 6 ? HOW WOULD I GET PV?
PMT Years I/YR P/YR PV 4751 18 5 6 ? HOW WOULD I GET PV?
PV Years I/YR P/YR FV 4900 29 ? 4 -11600 HOW TO CALCULATE I/YR
PV Years I/YR P/YR FV 4900 29 ? 4 -11600 HOW TO CALCULATE I/YR
How many years does it take for $1,000 grow to be $1,500, if interest rate is...
How many years does it take for $1,000 grow to be $1,500, if interest rate is 12% compounded monthly? BGN or END MODE ( choose one ) P/Y = N= ? I/Y= PV= PMT= FV= CPT , N = Can you explain how you computed it for compunded monthly. 2. How many years does it take for $1,000 to grow to be $1,500, if interest rate is 12%? BGN or END MODE ( choose one ) P/Y = N= ?...
USE FINANCIAL CALCULATOR ONLY! (N= I= PV= FV= PMT= ) Andy Co. borrows $640,000 and will...
USE FINANCIAL CALCULATOR ONLY! (N= I= PV= FV= PMT= ) Andy Co. borrows $640,000 and will pay it back in 12 equal installments over the year (every month). The interest on this loan is $51,200 which will also be paid back in 4 equal installments. The effective interest rate on this laon is: a. 12.60% b. 3.15% c. 15.39% d. 8% e. 13.21%. THANK YOU!
Are you able to answer this in terms of how to solve using a financial calculator?...
Are you able to answer this in terms of how to solve using a financial calculator? What to enter for [N, I/YR, PV, PMY, FV] as well as how you determined these numbers? Please verify answer below and explain any discrepancies. Question: You just inherited $1,000,000. Instead of taking a lump sum, a financial planner has suggested two additional options. First, you invest in an annuity that will pay you $125,000 per year for 10 years. The discount rate is...
Can someone explain how I solve for PV=F*(P|F,i,n)+A*(P|A,i,n) step by step?
Can someone explain how I solve for PV=F*(P|F,i,n)+A*(P|A,i,n) step by step?
YR 1 $50,000, YR 2 $90,000, YR 3 $70,000, and YR 4 $100,000. There is a...
YR 1 $50,000, YR 2 $90,000, YR 3 $70,000, and YR 4 $100,000. There is a terminal value of $800,000. If the weighted average cost of capital is 12% then what is the value of the firm using the absolute valuation method
If I put $4million into a retirement account earning 4%, for 24 years, and at the...
If I put $4million into a retirement account earning 4%, for 24 years, and at the same time am pulling out 450,000 each year (over same 24 year timeframe), will there be enough money in there so I reach zero dollars at the end of that 24 years? and if not, what is my excess or shortfall in the account? solve using excel formulas/spreadsheet (specifying which values are PV, FV, PMT, etc).
If you get $0 for two years, and then $2 once a year for four years,...
If you get $0 for two years, and then $2 once a year for four years, how much is that worth? Assume an annual interest rate of 2% Help,I can't seem to figure this out. I get 8.41 for the answer (see my work below). but it is wrong. yr0 annual payment $2 1 0 rate 0.02 2 0 # of yeaers 4 years 3 2 0.04 periods 1 4 4.04 0.0808 5 6.1208 0.122416 FV ($8.41) 6 8.242416 0.164848...
$4 million Bank loan due in 15 years at 8% pa with quarterly compounding; and 8,000...
$4 million Bank loan due in 15 years at 8% pa with quarterly compounding; and 8,000 semi-annual Bonds with 9.36% quoted coupon rate and 10 years to maturity. The face value of these bonds is $1,000 and current trading price is $1,250. i. EAR of Bond is (1+0.0299)2 – 1 = 6.06% (20 n, -1250 PV, 46.80 PMT, 1000 FV => CPT I/Y) can you give me how to use the financial calculator to get current return?? i need a...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT