Calculate the pmt on a mortgage


Question 1. Calculate the difference between daily and annual compounding, given the following information: (a) PV: $52,000, (b) NPER: 30, and (c) RATE: 10%.

Question 2. Calculate the PMT on a mortgage, given the following information: (a) PV: $439,000, (b) RATE: 4%, and NPER: 30.

Question 3. Calculate the present value of a lump sum payment with the following characteristics: (a) RATE: 5%, (b) NPER: 22, and (c) FV: $75,230.

Question 4. Calculate the RATE given the following characteristics: (a) PV: $29,325, (b) FV: $54,000, and (c) NPER: 15.

Question 5. Calculate the NPER given the following characteristics: (a) PV: $100,000, (b) FV: $134,000, and (c) RATE: 5%.

Question 6. Calculate the RATE given the following characteristics: (a) PMT: $20,000 (you are paying), (b) FV: $134,000, and (c) NPER: 5.

Question 7. Calculate the required rate of return on a company's stock that has the following characteristics: (a) Constant Growth Rate: 5%, (b) Price: $50.00, and (c) Dividend (Has Been Paid): $5.00.

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Finance Basics: Calculate the pmt on a mortgage
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