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

Josie, an unmarried taxpayer, has $155,000 in salary, $10,000 in income from a passive investment in a limited partnership, and a $26,000 passive loss from a real estate rental activity in which she actively participates. if her modified adjusted gross income is $155,000, how much of the $26,000 loss is deductible

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false