View Full Version : I need the present value of a loan
candanchris
Oct 10, 2008, 03:55 PM
I have an outstanding loan with a principle balance of $263,168. There are 99 monthly payments left on the loan with an interest rate of 8%. The monthly payments include principle and interest and are $3639.83 each.
What is the present value of the loan and how is it calculated?
JudyKayTee
Oct 10, 2008, 05:01 PM
I have an outstanding loan with a principle balance of $263,168. There are 99 monthly payments left on the loan with an interest rate of 8%. The monthly payments include principle and interest and are $3639.83 each.
What is the present value of the loan and how is it calculated?
Is this your personal problem or homework?
There is a homework board.
candanchris
Oct 10, 2008, 05:05 PM
I'm 49 years old -- it's definitely a personal question. I'm valuing property for my divorce.