Texas Instruments TI-83 Plus  Calculator
Problem for Texas Instruments TI-83 Plus (10 Pack) Calculator

A $25000 home equity line of credit based on 7.8% APR annualized




By klung19 on Apr 15, 2009

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over a 10 year term. The loan is amortized at 7.8% with monthly payments of $162.50.
After 10 years making monthy payments of $162.50 at 7.8% compunded monthly at the end of each compounding period, with the FV be zero? Use the TVM Solver to calculate the FV. Round to the nearest cent.

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. How much would you have to invest now at 8% interest to have $25,000 at the end of 7 years?


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