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Single Cash Flow PV FV (1+r)n FV = PV(1+r) n (1+r)" − 1 - · (1+r)n-1 FVA = PMT · FVAD = PMT * (1+r) r Annuity PVA = PMT r 1 1 1 1- (1+r)n PVAD = PMT (1+r)n * (1+r) r r r(1+r)n PMT = PV (1+r)n-1 Perpetuities PMT PVP = r 1г JL

Single Cash Flow PV FV (1+r)n FV = PV(1+r) n (1+r)" − 1 - · (1+r)n-1 FVA = PMT · FVAD = PMT * (1+r) r Annuity PVA = PMT r 1 1 1 1- (1+r)n PVAD = PMT (1+r)n * (1+r) r r r(1+r)n PMT = PV (1+r)n-1 Perpetuities PMT PVP = r 1г JL

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Tina owes $12,000 on her automobile loan, which has an interest rate equal to 4.8 percent compounded monthly. If Tina pays $526 at the end of each month, how long will it take her to repay the loan? (LO 4-4)

 

please only use the formulas given in the picture. someone else tried to use log but it doesnt make sense.

Single Cash Flow PV FV (1+r)n FV = PV(1+r) n (1+r)" − 1 - · (1+r)n-1 FVA = PMT · FVAD = PMT * (1+r) r Annuity PVA = PMT r 1 1 1 1- (1+r)n PVAD = PMT (1+r)n * (1+r) r r r(1+r)n PMT = PV (1+r)n-1 Perpetuities PMT PVP = r 1г JL
Transcribed Image Text:Single Cash Flow PV FV (1+r)n FV = PV(1+r) n (1+r)" − 1 - · (1+r)n-1 FVA = PMT · FVAD = PMT * (1+r) r Annuity PVA = PMT r 1 1 1 1- (1+r)n PVAD = PMT (1+r)n * (1+r) r r r(1+r)n PMT = PV (1+r)n-1 Perpetuities PMT PVP = r 1г JL
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