Education Technology

Finance App

Published on 06/09/2008

Activity Overview

This App allows students to work on advanced financial applications like Time-Value-of-Money (TVM), uneven cash flows, and amortization.

Before the Activity

  • See the attached PDF file for detailed instructions for this activity
  • During the Activity

    Follow the Activity procedures:

  • Select TVM function
  • Enter the house value, down payment amount, interest rate, number of years, number of payments per year, and number of compoundings per year
  • Calculate PMT
  • Find the loan amount for lower PMT values
  • After the Activity

  • Review concepts related to interest rate and loans