John takes out a loan for $9200 at 12% interest compounded
monthly and is making payments of $138 a month. Calculate
his remaining balance after 36 months.
John's balance due after 36 months will be $
Time Value of Money Solver
Enter the given values.
N: =
0
Number of Payment Periods
I:% =
0
Annual Interest Rate as a Percent
PV: =
=
0
Present Value
PMT: = 0
Payment
FV: =
Future Value
P/Y:
Solve
Solve
Solve
Solve
0
Solve
12
Payments per Year
C/Y:
12
Compounding Periods per Year
PMT: = END