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    candanchris's Avatar
    candanchris Posts: 2, Reputation: 1
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    #1

    Oct 10, 2008, 03:55 PM
    I need the present value of a loan
    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's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Oct 10, 2008, 05:01 PM
    Quote Originally Posted by candanchris View Post
    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's Avatar
    candanchris Posts: 2, Reputation: 1
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    #3

    Oct 10, 2008, 05:05 PM
    I'm 49 years old -- it's definitely a personal question. I'm valuing property for my divorce.
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