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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: 29019 MasterWuMathematics
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: 66726 Anil Kumar
Views: 389350 Contextures Inc.
This video shows how to calculator the monthly payment for a fixed payment installment loan. http://mathispower4u.wordpress.com/
Views: 25932 Mathispower4u
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: 29286 gdawgrapper
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: 368 Maarten H
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: 65094 Mathispower4u
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: 240827 TeachExcel
This video shows how to calculator the monthly payment for a fixed payment installment loan on the TI84 http://mathispower4u.wordpress.com/
Views: 21401 Mathispower4u
This video explains how to use the loan formula to determine a monthly payment from the loan amount. http://mathispower4u.com
Views: 3114 Mathispower4u
This video will teach you how to calculate monthly repayments on a Flat Rate interest loan.
Views: 3113 Joel Speranza Math
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: 37660 Sali Kaceli
In this video I use Excel to calculate my monthly payment on a loan of \$540,000 over a 25 year period at an interest rate of 3.40%. The PMT function helps to calculate the monthly payment that is required to pay back the total loan amount. I am using a Macbook, and Microsoft Office 365. I am reading and referencing Isaac Gottlieb's Next Generation Excel, second edition. Video credits: https://www.nextgenray.com/ Proud Supporter of Thanksgiving Community Brunch: https://thanksgivingcommunitybrunch.com/ ~Feeding Homeless, Veterans and Families faced with hardship. Donate at https://thanksgivingcommunitybrunch.com/donate/
Views: 18 George J. Raymond
Views: 217305 Asset Yogi
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: 1679 Chris Eberhart
The video is a short tutorial on Excel demonstrating how to calculate monthly payment of a loan in Excel.
Views: 187 Prashant Smith
Views: 40 Bun Bun 3
This video will show people how to calculate student loan interest. In particular, this video focuses on how to calculate the interest rate on an unsubsidized student loan. This video will highlight the concept of compound interest.
Views: 19447 vinteachesmath
This is Tim finding the principal and interest payment (PIP) for a 30-year mortgage for his Math 1324 class.
Views: 56317 Tim Precella
Views: 36 Play with Wander
Views: 52248 welcome2videos4us
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: 568140 I Hate Math Group, Inc
Views: 10662 Tom Fragale
Lesson Code: http://www.developphp.com/video/JavaScript/Monthly-Payment-Loan-Calculator-Form-Programming-Tutorial Learn to program a Monthly Payment Loan Calculator with simple interest calculations included. The JavaScript logic can be used with or without value gathering form controls. In this tutorial we are adding the HTML form elements that will gather values needed by the script.
Views: 156 1004MrJ
Calculating Monthly Payments & Amortization Schedules
Views: 4847 Math uaCAS
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: 31391 Alan Weaver
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: 106 Education For All
🌎 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: 755 Study Force
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: 15566 Mathispower4u
Views: 116184 Learning sessions
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: 2858 Ms. Hearn
How to Calculate Monthly Car Payment using an HP 10Bii
Views: 74693 Joe-Joe Jan
Thinking about purchasing a home with an FHA loan? Be sure to watch this video as Jennifer explains the income criteria set by the FHA. These simple formulas will help you figure out the maximum monthly payment allowed based on your income. Remember, this monthly payment includes not just the principal and interest, but also taxes, insurance, and HOA fees if applicable.
Views: 273 J Deal Homes
This video provides an example of how to determine a monthly mortgage payment when the loan requires a down payment and points. 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: 4085 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: 132386 ExcelIsFun
The PMT function can help the user calculate the equal monthly installments.
Views: 19868 Shahab Islam
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: 8151 Brian Veitch
🌎 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: Joe has a \$398,000 mortgage. He locks in at 4.3% interest, compounded semi-annually, amortized for 20-years. a) Calculate his 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. 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 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
Views: 340 Study Force
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!
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Views: 77199 Vance Lesseig
Views: 3410 Anil Kumar