1 try using one of the many internet calculators such as, Ask an Expert

Finance

1. Try using one of the many Internet calculators, such as the one at Salem Five, to calculate your time-value problems.

a. Suppose you wanted to borrow $100,000 for 25 years at 8 percent. Using Salem Five's calculator, find your monthly payment.

b. Using Salem Five's "Savings and Investment Planner," find how much $2,000 saved at the end of each of the next 30 years will grow to be, assuming it earns a constant 10 percent per year. (http://www.salemfive.com)

2. Using the amortization calculator at the following Web site, amortize a $100,000 loan over 10 years at 9 percent. What is the remaining balance after the fifth payment? http://www.moneyadvisor.com

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92092469

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