Part B: https://www.youtube.com/watch?v=TTGFetGoQUo Note the correction in the Formula of PV. Please correct the formula: PV = R[1 - (1 + i)^(-n)]/i In your calculations use (1 + i) and not (1 - i). Correct Answer is then 1367.23 for monthly payments as written by my Subscriber. Thanks Excellent example to understand the concept. Watch Part B of this video also for renewal of mortgage. https://www.youtube.com/watch?v=TTGFetGoQUo&index=10&list=PLJ-ma5dJyAqrBnet6ZTGrsgudkTU-4A0y
Views: 64323 Anil Kumar
This video demonstrates how to calculate monthly loan repayments and time required to amortize the loan to half of the principle of $360,000 with an interest rate of 6%p.a. We derive the formula for working out monthly repayments by first writing an expression for the amount owing after 2 months then use the sum of a geometric series to work out the monthly payment required. Thanks for watching. Please give me a "thumbs up" if you have found this video helpful. Please ask me a maths question by commenting below and I will try to help you in future videos. I would really appreciate any small donation which will help me to help more math students of the world. Tip me some DogeCoin: A4f3URZSWDoJCkWhVttbR3RjGHRSuLpaP3 Tip me at PayPal: https://paypal.me/MasterWu
Views: 27464 MasterWuMathematics
http://www.worksmarter.tv Watch this video to learn how to determine what the montly cost of a loan will be. This formula works for so called annuity loans, where the montly payment (the sum of interest and redemption) is fixed for the duration of the loan. 84
Views: 346 Maarten H
http://www.gdawgenterprises.com This program shows how to use a formula to calculate monthly payments on large, loan installment assets such as houses and cars. After using the formula to calculate a car payment, writing a program on the TI84 series is demonstrated to avoid errors in calculation and to save time. The program is then used to show the monthly payments for a home purchase. One other example is given buying a computer system on a 14 month loan. The background music comes from who is probably my favorite guitarist, Antoine Dufour, Canadian artist. The piece is titled Reality.
Views: 28752 gdawgrapper
This video shows how to calculator the monthly payment for a fixed payment installment loan. http://mathispower4u.wordpress.com/
Views: 25336 Mathispower4u
http://www.contextures.com/excelpmtfunction.html Go to this page to download the free sample file. To calculate a loan payment in Excel, you can use the PMT function. The PMT function calculates the payment for a loan that has constant payments and a constant interest rate. Enter an interest rate, the number of payments, and the loan amount on the worksheet. Then, refer to those cells in the PMT formula. Watch this short video to see the steps for setting up a payment calculation, using the PMT function. Instructor: Debra Dalgleish, Contextures Inc. Get Debra's weekly Excel tips: http://www.contextures.com/signup01 More Excel Tips and Tutorials: http://www.contextures.com/tiptech.html Subscribe to Contextures YouTube: https://www.youtube.com/user/contextures?sub_confirmation=1 '---------------------- Transcript - Calculate Loan Payments with Excel PMT Function In Excel, to calculate monthly payments, you can use the PMT function. In this example, we're going to enter the annual rate, and then the number of payments we have to make, the amount that we'll be borrowing, and then we'll use the PMT function in this cell to calculate the monthly payment. The annual rate that we're going to pay is 5%. In this cell, we're going to borrow the amount over four years. There are 12 months per year, so 48 months. I'll be making 48 payments, and the amount that we're going to borrow is $10,000. Those are the three numbers that we need in order to calculate the monthly payment. Here is the syntax for the PMT function. We'll start by typing equals, and then PMT, open bracket, and now I'm going to click on the cell where I entered the rate. I'll click here where it says 5%, but it's not 5% per month. That's the annual rate. I'm going to click after that cell reference, type a slash for division. then I'll type 12, because we're paying that rate over 12 months. Then I'll type a comma, and the next argument is the number of periods. I'll click on the Number of Payments cell, and type another comma. The present value, or the amount of the loan, is 10,000, so I'll click on that cell. The other two arguments are optional, so I'm not going to use them. The fv is the future value, so that's what you want left at the end of all your payments, and if you don't enter it, we assume zero. We want to pay everything off, so I don't have to enter anything there. The type is also optional. If I omit it, we assume that it's zero, and you're going to be making your payments at the end of the period. If you type a one, then you'd be paying at the beginning of the period. I'll close the bracket and press Enter, and there's the monthly payment. It's in this cell as a negative amount because it's a payment that I owe, but if you wanted to show it as a positive number, just click after the equals sign, right before the PMT function name, and type a minus sign, and press Enter. Now that shows as a positive amount in the payment cell. For more Excel tips and tutorials, and to download the sample file for this video, please visit my Contextures website at www.contextures.com.
Views: 381294 Contextures Inc.
How do you calculate monthly payments on a loan KNOW MORE ABOUT How do you calculate monthly payments on a loan The second calculator helps you work out how long it will take to pay off enter your desired payment and let us calculate loan amount. It also displays the corresponding divide your interest rate by number of payments you'll make in year (interest rates are expressed annually). You can also find great rates on personal loans & expert financial advice at credit the first calculator breaks down monthly repayments for a secured or unsecured loan. You can then use this calculator to determine your monthly payments and the total costs of personal loan calculate all aspects including how much you borrow with payment from sikorsky credit union discover home equity, we make it easy house our equity find a rate that fits. Calculate loan payments and costs formulas tools calculate tools thebalance payment calculations 315564 "imx0m" url? Q webcache. If the loan payments are made monthly, then rate per period needs to be adjusted payment options select option that matches your type fixed term. Loan repayment calculator & amortization schedule. Calculate your loan payment today!. Or, enter in the loan amount and we will calculate your monthly payment. Loan calculator simple loan repayment calculators the site. You can make your own loan calculator in excel, similar the payment formula is used to calculate payments on a. Ways to calculate loan payments wikihow. Calculate loan payments and costs formulas tools. Calculate payment for a loan how to calculate payments with excel pmt function youtube. Consumers personal loan calculator (2018) calculate your monthly payment sikorsky credit union. So, for example, if you're making monthly payments, divide by 12multiply it the balance of your loan, which first payment, will be whole principal amount this loan calculator help you determine payments on a. Calculate loan payments and costs formulas toolshow to calculate interest on a loanbankrate. How to calculate monthly loan repayments youtube. Loan payment formula and calculator finance formulasloan quick easy! personal loan free td canada trust. Googleusercontent search. The loan payment calculation for an interest only is easier. Use the personal loan calculator to find out your monthly payment and total cost of calculate a amount, given an interest rate, term, number periods comes from cell c7; 60 for 5 year n payments, called loan's in standardized calculations used united 22 jun 2013use this free estimate payments. Simply enter the loan amount, term and interest rate in fields below click (the calculators above assume is compounded monthly, payments are made monthly. Then divide by the number of payments per year free payment calculator to find monthly amount or time period pay off a loan using fixed term. Multiply the amount you borrow by annual interest rate. Monthly payment calculator how much can you afford discover. Traditional amortization pr
Views: 18 Bun Bun 3
This video provides an example of how to determine a monthly mortgage payment when the loan requires a down payment. The results are also verified on the TI-84 graphing calculator using the TVM Solver. Site: http://mathispower4u.com Blog: http://mathispower4u.wordpress.com
Views: 63247 Mathispower4u
More help: https://www.teachexcel.com Excel Forum: https://www.teachexcel.com/talk/microsoft-office?src=yt How to find the interest and principal payments on a fixed rate loan in excel. This tutorial will walk you through using the PPMT() and IPMT() functions in excel in order to find out how much of a monthly payment on a loan actually goes to pay off the loan amount and how much is just an interest payment. More free excel stuff such as macros, tutorials, articles, etc. go to: TeachExcel.com
Views: 481126 TeachExcel
This video will teach you how to calculate monthly repayments on a Flat Rate interest loan.
Views: 2956 Joel Speranza Math
Premium Course: https://www.teachexcel.com/premium-courses/68/idiot-proof-forms-in-excel?src=youtube More tutorials: https://www.teachexcel.com Excel Forum: https://www.teachexcel.com/talk/microsoft-office?src=yt This video tutorial will show you how to make a fixed rate loan or mortgage calculator in excel. It is actually quite easy to do and after watching this step-by-step example and walk-through, you will be able to make your own also. This tutorial uses the PMT() function to calculate the required payments and it is also explained in the tutorial. To follow along with the spreadsheet seen in the tutorial or to get some free excel macros or tips & tricks, go to the website: TeachExcel.com
Views: 236677 TeachExcel
Use that monthly payment calculator (to calculate loan and see use this free to payments for any fixed the amount of time specified on conditions minimum required. Use the 'fixed payment' tab to calculate time pay off a loan using fixed 14 oct 2016 payments and costs for different types of loans, from home when most people borrow money, monthly payment is one 10 aug getting loan, it helps. Here's how to calculate your monthly mortgage payments on a fixed rate loan 3 mar 2017 the payment depends amount, term, and interest. Use a shorter amount of time to calculate higher using microsoft excel, you can monthly payment for any type loan or credit card. For example, if you have a 25 year loan that pay monthly, the find out your monthly mortgage payment and see breakdown of costs. If the loan payments are made monthly, then rate per period needs to be adjusted calculations given by payment calculators only a guide. This will allow you to be more accurate in your personal the loan payment formula is used calculate payments on a. Calculate your monthly mortgage payment how do lenders calculate payments? . Loan calculator which assumes your loan has the typical monthly payment frequency and Calculate payments & costs formulas tools balance. Payment calculator. In summary, you provide the function with what is formula to calculate monthly payment for a loan amortization table? Since amount of principal and interest per both your student payments, enter amount, anticipated rate, please note an estimate provided 5 feb 2014 goal determine fixed that needs be paid each or equated total number payments (for 30 year n 12 360) 'how do i cumulative term loans? With this approach, large percentage applied in mortgage calculators are automated tools enable users financial implications changes one more variables financing arrangement. For sake of simplicity in this example, make the tax rate 0. Or, you can just use our car loan calculator. Calculate loan payments & costs formulas and tools the balance. How to calculate loan payments and costs the balance4 ways wikihow. Loan payment formula and calculator. Calculate loan amount, interest rate, term and payment amount. Mortgage calculators are used by consumers to determine monthly repayments, and mortgage providers the n number of payments, called loan's term, and; P car payment equation for loan interest. How to calculate a monthly payment in excel 12 steps. Please speak to an this loan calculator compounds interest on a monthly basis use payment determine payments fixed term or line of credit loans calculate n, take the duration in years and multiply it by periods year. You can use our calculator to calculate the monthly principal 14 feb 2013 thanks excel's pmt function, computing payment of a loan with various terms is easy. Calculate the payment of a loan with pmt function in excel calculating monthly on math forum ask drestimate student payments free calculator what's formula that is used to calculate how use fo
Views: 31 Question Text
Follow me on twitter: http://www.twitter.com/justincase1004 Twitch: http://www.twitch.tv/justincase1004 Checkout my facebook page and like! https://www.facebook.com/justincase1004 Hello, my name is Justin. I am a certified math teacher and have been teaching math for 8 years. I have an undergraduate degree in mathematics and a graduate degree in business administration. I am currently going to school for my doctorate in education. I have taught a myriad of subjects ranging from: Pre-algebra, algebra I, geometry, algebra II, and college algebra + trigonometry. If you have any question and/or comments please leave them in the comment section. Be sure to subscribe as I hope to be able to bring short math lessons every day to you and your family. Mr. J
Views: 111 1004MrJ
"How Do You Calculate Monthly Payments On A Loan? Watch more videos for more knowledge Calculate Monthly Loan Payments - YouTube https://www.youtube.com/watch/iiFvl7CIE2s How Do You Calculate Monthly Payments On A ... https://www.youtube.com/watch/n9zjKTj4KzQ Calculating Monthly Payments - YouTube https://www.youtube.com/watch/jPqpRbdJ6Bc How to Calculate Monthly Loan Repayments - YouTube https://www.youtube.com/watch/Coxza9ugW4E Determining the Monthly Payment of an Installment ... https://www.youtube.com/watch/owzf31qZIA8 How Do You Calculate Monthly Payments On A ... https://www.youtube.com/watch/HINgkm7L0uk Example of Loan Payment Calculation - YouTube https://www.youtube.com/watch/LqbzFgt6zug Calculate monthly payment of a loan in Excel ... https://www.youtube.com/watch/0e5QcKGvDtA How To Calculate Mortgage Payments - YouTube https://www.youtube.com/watch/SGiFjukgyxQ How to Calculate a Mortgage Payment - YouTube https://www.youtube.com/watch/Pgot9V7uZXw How to Calculate Mortgage Loan Monthly Payment ... https://www.youtube.com/watch/prRkaMADoPU How to Calculate Loan Payments with Excel PMT ... https://www.youtube.com/watch/WzofplrjidU Calculate the equal monthly payment on a loan ... https://www.youtube.com/watch/geazn9TBAso Spreadsheets for Finance: How to Calculate Loan ... https://www.youtube.com/watch/3E-bwkWPpO4 Ex: Determine a Monthly Payment Needed to Pay ... https://www.youtube.com/watch/B7wU_S5BVf0 Loan Payment Formula - YouTube https://www.youtube.com/watch/Ofo0zPYh_ZA How to find Interest & Principal payments on a Loan ... https://www.youtube.com/watch/2s938hUPWDU Learn How to Calculate Your Monthly Payment ... https://www.youtube.com/watch/JgG-OMWhjX0 How to Calculate Car Payments - YouTube https://www.youtube.com/watch/x77rCEKU29Y Determining the Monthly Payment of an Installment ... https://www.youtube.com/watch/Nt506-Btp4E"
Views: 33 Tip Tip 3
“#19: Monthly Payments - Chapter 3 - Tony Gaddis - Starting Out With C++" is my solution to programming challenge #19 from chapter 3 in Tony Gaddis book, "Starting Out With C++ (8th Edition)." __THE PROBLEM: The monthly payment on a loan may be calculated by the following formula: Payment = [Rate * (1 + Rate)^N / ((1 + Rate)^N - 1)] * L Rate is the monthly interest rate, which is the annual interest rate divided by 12. (12% annual interest would be 1 percent monthly interest.) N is the number of payments, and L is the amount of the loan. Write a program that asks for these values and displays a report similar to Loan Amount: $ 10000.00 Monthly Interest Rate: 1% Number of Payments: 36 Monthly Payment: $ 332.14 Amount Paid Back: $ 11957.15 Interest Paid: $ 1957.15 __FULL CODE HERE__: https://jesushilarioh.com/chapter-3-19-monthly-payments-tony-gaddis-starting-out-with-c-plus-plus/ __CHAPTER 3 PLAYLIST__: https://www.youtube.com/watch?v=VngUePNHBsE&list=PL-ZkhVVp9xcPJiFivctiZypBhR89pxCh3 __SUPPORT THIS CHANNEL__: + Patreon: https://www.patreon.com/jesushilarioh + Buy Me A Coffee: https://www.buymeacoffee.com/jesushilarioh + GoFundMe: https://www.gofundme.com/jesushilarioh + Ko-fi : https://ko-fi.com/jesushilarioh + PayPay Donate: https://www.paypal.me/jesushilarioh __GET THE BOOK__: (8th Edition): https://amzn.to/2piABVp (9th Edition): https://amzn.to/2xsWiFW __FIND ME__: + Discord: https://discord.gg/VdhUqdn + Facebook: https://facebook.com/jesushilarioh + Github: https://github.com/jesushilarioh + LinkedIn: https://www.linkedin.com/in/jesushilarioh + Quora: https://www.quora.com/profile/Jesus-Hilario-Hernandez + Reddit: https://www.reddit.com/user/jesushilarioh/ + Tumblr: https://jesushilarioh.tumblr.com/ + Twitter: https://twitter.com/jesushilarioh + Website: https://jesushilarioh.com + Youtube: https://www.youtube.com/jesushilariohernandez __ABOUT__: It is my goal that you succeed in all that you are trying to accomplish. That’s why I’m here—to serve you. I enjoy teaching and spreading knowledge of the things that I am passionate about. I am a husband and a father, far from perfect, and striving to be better every day. Thank you for taking interest in what I do!
Views: 368 Jesus Hilario Hernandez
Views: 45345 Adam Khoury
How to use the help function for financial calculations or functions? How to calculate the monthly payment (PMT) for a loan? How to calculate the interest payment for a particular month (IPMT)? How to calculate the principal payment for a particular month (PPMT)? If you want to take get a deeper understanding of Microsoft Access, take a look at http://learn.kaceli.com Copyright notice: These videos may not be downloaded or distributed in any way without permission from Sali Kaceli. Contact me if you have such a need.
Views: 37011 Sali Kaceli
EMI Calculation in Excel explained in Hindi with PMT formula. Download FREE EMI calculator updated for 2017 and 2018 with Pre-Payment option. Know how to calculate EMI for Home Loan, Car Loan, Personal Loan, Bike, Credit Card, Debit Card, Education Loan within seconds. Download EMI Calculation Excel Model https://assetyogi.com/calculator/emi-calculator-excel/ Related Videos: Calculate EMI in 2 secs: https://youtu.be/F1WhuYSQFME Excel EMI Calculator for Home Loan: https://youtu.be/nWyU_IQzsVM Share this Video: https://youtu.be/yycBGSH8BxU Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: How to calculate EMI for Home Loan? EMI Calculation in Excel How to calculate EMI for Personal Loan? EMI calculation in hindi How to calculate EMI for Car Loan? EMI calculation in excel in hindi How to calculate EMI for Bike? EMI calculation formula How to calculate EMI for credit card and debit card? What happens in case of pre-payment of Loan Amount. How interest amount and principal amount are calculated in EMI calculator? Microsoft excel me EMI kaise calculate ki jati hai pmt function ke sath? Loan amount me interest kaise calculate kiya jata hai? Kya loan pre-payment karne se interest rate kam ho jata hai? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Instagram - http://instagram.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Pinterest - http://pinterest.com/assetyogi/ Linkedin - http://www.linkedin.com/company/asset-yogi Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Hope you liked this video on "EMI Calculation in Hindi".
Views: 184091 Asset Yogi
mortgage calculate monthly payments Simply enter the loan amount, term and interest rate in the fields below and click calculate. This calculator can be used for mortgage, auto, or any other fixed loan. Use this free mortgage calculator to save money. Thanks for watching!! Remember to help out by sharing this video with your friends!!
Views: 105 Education For All
In this Microsoft Access video tutorial, you will learn how to calculate monthly payments for a loan using the PMT function. This is the first step in the loan amortization process. I build a complete amortization schedule in my Loan Amortization Seminar http://599CD.com/XZYH3B
Views: 16979 PC Learning Zone - Computer Training
Demonstrates how to use a formula and a calculator to find the regular monthly payment for a mortgage. In this video, which is Part 1 of 2, we look at the first installment period for an ARM (Adjustable Rate Mortgage). In Part 2, we look at the monthlypayment for the second installment period, when the interest rate goes up.
Views: 2688 Ms. Hearn
This video shows how to calculator the monthly payment for a fixed payment installment loan on the TI84 http://mathispower4u.wordpress.com/
Views: 21091 Mathispower4u
Hi Guys, This video will show you how to build an amortization table in excel is less than 5 minutes :) Please subscribe and watch all our tutorials www.i-hate-math.com
Views: 542487 I Hate Math Group, Inc
This tutorial was done in version 2013 yet will work with 2007 and 2010. The PMT function calculates the monthly payment of a loan based on interest rate, # of payments (years), and the present value of the loan. This is done in an Access query.
Views: 30795 Alan Weaver
This video shows how to use the BA II Plus calculator to solve the following Amortization problem: A $450,000 mortgage loan, financed at 2.8% compounded semi-annually, requires month-end payments of $1850. a) How many payments are required? b) How much principal is repaid in the 10th payment? c) How much interest is paid in the second year? d) What is the outstanding principal balance at the end of the first four years? e) What is the total interest paid over the first five years? f) What is the size of the final payment?
Views: 16494 Joshua Emmanuel
The goal of this video is to equip people with the math skills necessary to calculate a monthly payment on their own. Many online calculators work, but you never know when you need to do it by hand.
Views: 1672 Chris Eberhart
Heather Fakes from Jonestown Bank & Trust explains monthly mortgage payments.
Views: 22054 LebanonRealtors
This tutorial shows you how to create a PMT function to calculate a loan payment. The PMT function calculates loan payments based off of a constant interest rate and constant payments. This tutorial shows you how to set up your spreadsheet for this calculation. Here is a full list of tutorial videos available on my channel: Windows 10: Perform Basic Mouse Operations Create Folders Explore the Windows 10 Desktop, Taskbar, and Start Menu Select Multiple Files and Folders Download a File From a Website Use File Explorer to Access OneDrive and Upload Student Data Files Capture an Image of the Entire Screen Explore the Control Panel and the Settings App Personalize the Desktop Modify Screen Brightness and Resolution Explore the Control Panel and the Settings App Personalize the Desktop Adjust the Sound Plan the Organization of Files and Folders Run an App Word 2016: Create a New Document and Insert Text Insert and Format Graphics Insert and Modify Text Boxes Create a Table Format a Table Present a Word Document Online Create a Research Paper in MLA Format Insert Footnotes in a Research Paper Create Citations and a Bibliography Save a Document Correct Errors as You Type How to Format a Document in APA Format Convert Word Document to a PDF File Microsoft Office Specialist Certification Exam Practice Study Guide APA Format from Default Formatting Table of Contents Tutorial Format Paragraphs Create a Custom Word Template Preview and Print a Document Change Document and Paragraph Layout Use AutoComplete and AutoCorrect Correct and Reorganize Text Header and Footer Tutorial Page Numbers Tutorial Captions in Word Review Document Headings in the Navigation Pane Reorganize Document Text Using the Navigation Pane Collapse and Expand Body Text in a Document Use Continuous Section Breaks for Page Layout Insert Page Numbers Starting from a Specific Page Excel 2016: Create, Save, and Navigate an Excel Workbook Enter Data in a Worksheet How do you Export Access to Excel and Apply Conditional Formatting Use Flash Fill, SUM, Average, Median, and MAX Functions and Formulas Move Data and Rotate Text Graph Data with a Pie Chart Format a Pie Chart MOS Prep - Basic Certification Exam Practice Study Guide Change Fonts, Font Style, and Font Color The NOW Function Export Excel Spreadsheet to Access Table The VLookup Function The MIN or MINIMUM Function Histogram Charts Use the Sum Button to Sum a Range of Cells Enter Formulas Using the Keyboard Format Cells with Merge & Center, Cell Styles, and Themes Chart Data to Create a Column Chart & Insert Sparklines Select Cells and Ranges Use CountIF and IF Functions and Apply Conditional Formatting Use Date &Time Functions and Freeze Panes Use Goal Seek to Perform What-if Analysis Add Fill Colors and a Background Image Insert Functions from the Formula Library Use the PMT Function to Calculate a Loan Payment Access 2016: Identify Good Database Design Create a Table and Define Fields in a Blank Desktop Database The Primary Key Import Excel Spreadsheet into Access Create a Table in Design View Modify the Structure of a Table Create a Subform MOS Prep - Basic Certification Exam Practice Study Guide Add Existing Fields to a Form PowerPoint 2016: Create a New Presentation Edit a Presentation in Normal View Add Pictures to a Presentation Format Numbered and Bulleted Lists Customize Slide Backgrounds and Themes Animate a Slide Show Apply a Theme Used in Another Presentation Search for and Download an Online Theme Microsoft Office Specialist Exam Certification Print and View a Presentation Lighten Background Images in Microsoft Office Outlook 2016 Basic Tutorial Office 2016: Identify the Components of the Microsoft Office Ribbon Computer Fundamentals: Computer Case Types - Dell Inspiron AMD 3656 Printer Ports and Types The Boot Up Process How to Get Your Computer Questions Answered Undo Your Mistakes on Windows 10 or Apple Mac Routers vs. Modems What is the Cloud? Storage as a Service Types of Internet Services on Google Android or Apple iPhone Browsing the Web Why Use the Cloud? Microsoft OneDrive - Creating Uploading Downloading and Syncing Explain the Importance of File Management Troubleshoot Common Computer Problems Job Search Skills: Values, Attitude, and Goals Top 5 Job Search Websites Prepare For Your Interview Negotiating Your Salary 7 Steps of Goal Setting Resume Writing - Final Draft Video Requests: Download GMetrix Test Preparation Software Remember, the goal of my channel is for you to learn. You can request a video at any time in the comment section, and I will make the video for you. I will make tutorials and simulations and demos for whatever you'd like to learn in our class. So, I encourage you to make a request. I also YouTube Live Stream once a week to answer your questions! Instructor A Morgan
Views: 5209 Professor Adam Morgan
🌎 Brought to you by: https://StudyForce.com 🤔 Still stuck in math? Visit https://StudyForce.com/index.php?board=33.0 to start asking questions. Question: Nadia has a $195,000 mortgage. She locks into a closed mortgage with 2.21% interest amortized over 25-years, compounded semi-annually. a) Calculate her monthly mortgage payments. b) What percent of the total paid is interest? What you'll need: Present value (PV) PV=R[〖1−(1+i)〗^(−n) ]/i → solving for R gives us → R=(PV∙i)/[〖1−(1+i)〗^(−n) ] Where: PV=present value amount R=regular deposit/payment i=interest rate per compounding period n=total number of deposits Since you're making monthly payments, yet the interest is being compounded semi-annually, there is a discrepancy between when payments are made and when interest is compounded. As a result, we'll need to find the effective annual rate (EAR), then use the EAR to find the effective monthly rate (EMR). This will represent the interest, i, in the PV formula. Effective annual rate (EAR) -- Converts a monthly rate to an effective annual rate. k=(1+r/m)^m−1 Where: k=Effective annual rate m=frequency of compounding r=rate in decimal Effective monthly rate (EMR) -- Converts an effective annual rate to a monthly one. i=(k+1)^(1/12)−1 Summary: Combining the EAR and EMR formula: i=(1+r/m)^(m/12)−1 Where: i=interest rate per compounding period r=rate provided per compounding period m=frequency of compounding
Views: 597 Study Force
In this video we write the scritp to calculate the monthly payment . We also write a rounding script plus I explain how we display the html table using document.getElementById. A working version of the calculator can be found online at http://www.math.niu.edu/courses/math101/current/loan.html
Views: 7961 Brian Veitch
Calculating Monthly Payments & Amortization Schedules
Views: 4798 Math uaCAS
Calculating Monthly Payments. This loan calculator will help you determine the monthly payments on a loan. Simply enter the loan amount, term and interest rate in the fields bellow and click calculate. This calculator can be used for mortgage, auto or any other fixed loan types. Please Subscribe Our Channel. Don't Forget to Like, Comment & Share.
Views: 482 Importance Of Environment Law
This video provides an example of how to use the loan formula to determine the monthly payment needed to pay off a credit card. Site: http://mathispower4u.com
Views: 14819 Mathispower4u
See how to create an amortization table that will update when you pay extra principal so that loan is paid off early. See how to make changes to a template, get into trouble, then trouble shoot your way out of it so that you can fix the template. See how to Trouble Shoot Formula Creation.
Views: 127744 ExcelIsFun
How is My Monthly Mortgage Payment Calculated You might be wondering, "How is a monthly house payment calculated?" It is important to understand what "PITI" means--Principle, Interest, Property Taxes, and home Insurance/mortgage insurance. The principle and interest portion relates to the actual payment made back to the loan--the amount you borrowed plus your monthly interest for the term of your loan. But when you own a home, you also have property taxes. Every home is different. There is no exact calculation, but we can find out the property tax amount, divide it by 12 and then add it to your principle and interest monthly total. Then we make sure that the home is protected from any disasters or accidents by requiring a home insurance policy. You can select your personal home insurance policy. We take the policy amount, divide it by 12, and add that amount to your principle, interest, and taxes total. There are some loans that also require mortgage insurance or because of the down payment, mortgage insurance was added automatically. This insurance is also paid on a monthly basis and is added to your monthly house payment amount. So, when you add all of these factors together, PITI, you get your total monthly payment amount. My hope is that we do some mortgage math to calculate a payment that fits your budget and also gets you more bang for your buck. Call me today! Tom Stone Mortgage Banker NMLS ID# 257849 CO NMLS 3274 Equal Housing Lender http://www.guildmortgage.com/officers/thomasstone.html http://www.yourmortgagequestion.com
Views: 8934 Your Mortgage Question
For an online calculator, see: http://matrixlab-examples.com/calculate-monthly-loan-payments.html To download the presentation, go to: http://www.slideshare.net/matrixlab/calc-monthloanpayments How to calculate Monthly Loan Payments -- Business Math This formula calculates the amount required as regular payment in order to pay back a loan over a specified period of time. The payments will be equal. You must provide: the amount of the principal, the annual interest rate, the number of payments per year, and the number of years to pay. P = principal, i = annual interest rate, N = number of payments per year, Y = number of years, R = regular payments This is an example... what must you pay on a loan of $40,000 at 8% if payments are to be made every month for 10 years? There's an online calculator for this purpose. Regular payment calculations are found very easily. Thank you for watching!
Views: 10376 jjasso5
Did you take out student loans to pay for your education? Learn how to estimate your student loan payments when you exit school. In this video, learn about the following. • How to estimate your debt and envision your future income • Find your current debt load • Calculate your estimated monthly repayment amount Stay connected with Great Lakes on Facebook http://www.fb.com/MyGreatLakes and Twitter http://www.twitter.com/MyGreatLakes for helpful financial tips and student loan info. Have questions? Don't hesitate to reach out. While viewers are welcome to share this video with other audiences, Great Lakes is not responsible for maintaining its content or ensuring availability. Great Lakes may remove or transfer the video from YouTube without prior notice.
Views: 8167 Great Lakes