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  • Financial Functions

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    David Aleksovski
    15 views4 pages
    This document provides calculations for a $300,000 loan with a 4% annual interest rate. The loan is paid back over 330 monthly payments of $1,500, with the total term length calculated as 330.13 months. A second calculation shows a 30-year loan of the same amount and interest rate paid back in fixed monthly payments of $1,432.25.

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    FINANCIAL FUNCTIONS.xlsx

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    This document provides calculations for a $300,000 loan with a 4% annual interest rate. The loan is paid back over 330 monthly payments of $1,500, with the total term length calculated as 330.13 months. A second calculation shows a 30-year loan of the same amount and interest rate paid back in fixed monthly payments of $1,432.25.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    15 views4 pages

    Financial Functions

    Uploaded by

    David Aleksovski
    This document provides calculations for a $300,000 loan with a 4% annual interest rate. The loan is paid back over 330 monthly payments of $1,500, with the total term length calculated as 330.13 months. A second calculation shows a 30-year loan of the same amount and interest rate paid back in fixed monthly payments of $1,432.25.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    NPER-Number of Periods for a Loan based on Constant payments and a constan

    annual interst rate 4%

    Monthly Payment $ (1,500.00)

    Loan Amount 300,000.00

    Term Length (months) 330.13


    ents and a constant rate
    PMT-Periodic Payment for a Loan based on constant interest rate and fixed paymen

    annual interst rate 4%


    Term Length
    (years) 30.00

    Loan Amount 300,000.00

    Monthly Payment $ (1,432.25)


    te and fixed payment period

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