This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: Nper is the total number of payments for the loan. Pv is the present value, or the total amount that a series of future payments is worth now; also known a Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted in the problem, it is assumed to be 0 (zero), that is, the future value of a loan is 0. Type is the number 0 (zero) or 1 and indicates when payments are due. Set type equal to 0 (zero) if payments are due at the end of the period. (In home loans, payment is due at Set type equal to 1 if payments are due at the beginning of the period. (Annuity Due problems) to see how the payment changes. of the ammortization schedule. work properly. le and finish the schedule. as the principal. t the end of the first period.)...
View
Full
Document
This note was uploaded on 05/15/2011 for the course ECONOMICS 204 taught by Professor Perti during the Spring '11 term at Kaplan University.
 Spring '11
 Perti
 Macroeconomics

Click to edit the document details