Loan Future Value We can also find the remaining balance on a mortgage (see video). To do this, we solve for the future value based on time relative to loan origination.

Imagine you purchased a home 5 years ago and are wondering how much principal you have remaining on your mortgage. This means the loan is five years old, so you would like to find the future value where N is 5.

Consider the example below and select the calculator functions that fit this description.

A 30-year loan was taken out 8 years ago for $320,000. The interest rate on the loan 3.7% with monthly compounding. How much principal remains to be paid off on this loan?

N=96

I/Y=0.3083

PV= 320,000

PMT= - 1,472.90

FV= CPT

N=360

I/Y=0.3083

PV= 320,000

PMT= - 1,472.90

FV= CPT

N=8

I/Y=3.7

PV= 320,000

PMT= - 1,472.90

FV= CPT

N=8

I/Y=3.7

PV= 320,000

PMT= 0

FV= CPT

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.