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