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<< Back to: sci.math FAQ: Formula for Compound Interest

Question by Craig
Submitted on 10/16/2003
Related FAQ: sci.math FAQ: Formula for Compound Interest
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I really need help with this finance problem problem.  Here goes:  Given the amount of a mortgage is P, the annual interest rate is r and the length of the mortgage is t years.  Assuming that it is a fixed-rate mortagage and it is compounded monthly,   WHAT IS THE FORMULA FOR CALCULATING the monthly payment M.  Please help.  I have tried but it comes out differently than the tables.


Answer by Mimir
Submitted on 10/19/2005
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not sure but I have a question of my own that I need help with too:

A bond is sold at $923.14 (below its par value of $1,000).The bond matures in 15 years and has
a 10-percent yield, expressed as a stated annual interest rate, compounded semiannually.
What is the coupon rate on the bond if the coupon is paid semiannually? The next payment
occurs six months from today.

 

Answer by Miriam Smith
Submitted on 12/26/2005
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I NEED HELP WITH MY BILLS. THANK YOU

 

Answer by preppy20042005
Submitted on 7/25/2006
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If the appropriate discount rate for the following cash flows is 12 percent compounded quarterly, the present value of the cash flows is $____________. (Round answer to 2 decimal places.)
  Year         Cash Flow    
1   $1,000
2   600
3   0
4   1,200

 

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