\( \definecolor{colordef}{RGB}{249,49,84} \definecolor{colorprop}{RGB}{18,102,241} \)
Courses
About
Login
Register
TVM
Present Value (PV):
Future Value (FV):
Interest Rate (I%, annual):
Number of Periods (n):
Compounding per Year (C/Y):
Payment (PMT):
Calculate
C
⌫
\(\pi\)
e
\(\frac{a}{b}\)
!
←
→
(
)
\(\sqrt{\,}\)
\(a^{b}\)
7
8
9
\(\div\)
log
ln
4
5
6
\(\times\)
cos
cos⁻¹
1
2
3
-
sin
sin⁻¹
0
.
=
+
tan
tan⁻¹
A student requires \(\dollar 18\,500\) to cover tuition fees. She secures a loan with a repayment term of 6 years at a fixed interest rate of \(3.9\pourcent\) p.a. compounded monthly.
Calculate the amount she must pay each month.
Determine the total cost of the loan.
Deduce the amount of interest paid.
Capture an image of your work. AI teacher feedback takes approximately 10 seconds.
Exit