Calculate Monthly Payments For Mortgage or Annuity Part A Correct Formula PV=R((1-(1+i)^(-n))/i)

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  • Опубликовано: 22 окт 2024

Комментарии • 99

  • @MathematicsTutor
    @MathematicsTutor  9 лет назад +2

    List of related videos: ruclips.net/video/h7Q9Cf9yO7E/видео.html

  • @licdoarshuali
    @licdoarshuali 2 года назад +5

    Dear Sir you are doing wonderful job on youtube by explaining complex problems in a simple manner, all the very best for your future endeavours!!!

  • @RadhikaMeera
    @RadhikaMeera 4 года назад +6

    Thank you for the explanation , yes it is tricky sometimes to know which formula to use PV or FV , but seeing your video it seems to make sense to use PV ,

  • @digthewarmth
    @digthewarmth 9 лет назад +38

    The PV formula is actually
    PV = R * [1 - (1+i)^(-n)] / i .
    The maker of the video added the note with annotations, but I couldn't see annotations when watching on my phone.

    • @MathematicsTutor
      @MathematicsTutor  9 лет назад +1

      digthewarmth Thanks for the feedback. It is good to know that on i-phone annotation can't be seen.

    • @digthewarmth
      @digthewarmth 9 лет назад

      I'm actually using Android haha, but yea no problem.

    • @bujanginin9971
      @bujanginin9971 4 года назад +3

      Wrongly formula...because he wrote (1-i)-n...should be (1+i)-n

    • @sonamkhan426
      @sonamkhan426 3 года назад +3

      @@MathematicsTutor u mistakenly write (-) instead of (+) im formula its 1+i not 1-i

    • @jandogroniloa.881
      @jandogroniloa.881 3 года назад +4

      @@sonamkhan426 I'm glad i saw these comment, because i struggled thinking why my answer is negative, thanks...

  • @anthonysantiago7629
    @anthonysantiago7629 5 лет назад +4

    thank you for the lesson. deriving the formula is much more useful than remembering equations!

  • @Konvinced89
    @Konvinced89 5 лет назад +4

    Thank you for sharing this, I got stuck on one of the last steps and this helped me finish the solution. Very informative video.

    • @MathematicsTutor
      @MathematicsTutor  5 лет назад

      Thanks for appreciation. Good to know that it could be of help

  • @d3aDsH0T_xxX
    @d3aDsH0T_xxX Год назад +1

    You just saved me from failing my final exam.
    Thank you sir

  • @RadhikaMeera
    @RadhikaMeera 4 года назад +2

    Yes can get confusing to use PV or fav , but now it’s clear

  • @akanshakhandelwal
    @akanshakhandelwal 9 лет назад +4

    WOW! Really good problem to understand mortgage concepts.

    • @zzlagond6438
      @zzlagond6438 7 лет назад

      Gеt uр tо 1000$ shооrt tееееrm lоаn hеrе => twitter.com/2b221f57eb75c29b8/status/809350192776347648 Cаlсulаtе ММonthlу Раууууmеnts Fоr Моrtgаgе оr Аnnuitу Рart ААА

  • @JakeMerw
    @JakeMerw 6 лет назад +2

    Thanks for showing your work on the calculations for the monthly payments.

    • @MathematicsTutor
      @MathematicsTutor  6 лет назад

      Thanks. Here is an example with calculations shown on calculator ruclips.net/video/a0KjJ9Z_HiU/видео.html

  • @MathematicsTutor
    @MathematicsTutor  8 лет назад +22

    Please correct the formula: PV = R[1 - (1 + i)^(-n)]/i
    In your calculations use (1 + i) and not (1 - i).

    • @swifterbator8355
      @swifterbator8355 7 лет назад

      What happens if the interest rate had been changed to let's say 5% after 15 years? How would you solve that?

    • @nursomani3998
      @nursomani3998 6 лет назад

      Is the answer 138,200 for part B?

    • @ariftanoli9768
      @ariftanoli9768 6 лет назад

      Thanks for correcting the mistake.

    • @lamunupatricia146
      @lamunupatricia146 4 года назад +1

      Stuck

    • @MathematicsTutor
      @MathematicsTutor  4 года назад

      @@lamunupatricia146 Try this: ruclips.net/video/8RFfRzu7RNk/видео.html
      Thanks

  • @ayshasiddika5365
    @ayshasiddika5365 2 года назад +1

    Sir u r awesome
    Thanks a million

  • @alexisf1049
    @alexisf1049 4 года назад +2

    Keep it up! big help!! thank you

  • @ZorbatheGreek08
    @ZorbatheGreek08 7 лет назад +4

    the correct answer you specified in your description under the video is incorrect. Answer I got was 1467.23

  • @rajendradhokare6316
    @rajendradhokare6316 2 года назад +6

    What would be the monthly payment for the same problem if the rate of interest is 8% compounded semi anually?

    • @nhitc6832
      @nhitc6832 9 месяцев назад

      That's Canadian mortgage. You just need to figure out what the effective rate is, which is 8.16%. which gives you a monthly interest of 0.68%. Now use the same formula

  • @nirvanichand9352
    @nirvanichand9352 3 года назад +2

    When I calculate, I get a negative number in between and the answer does not match. Please help!

  • @dasartattack
    @dasartattack 6 лет назад +2

    Thank u 4 ur suggestions sir😎👏👏

  • @ahmed007Jaber
    @ahmed007Jaber 2 года назад

    Hi thank u for this
    Suppose there is a calculation for rent
    After say 5 year, the 1000 annual rent will go up by 2% annually. The contract is for 30 years, how would u approach it? To the value of the full contract and what has been paid for a set number of years especially given that for the first 5 years the rent is 1000

  • @eychaz_k8912
    @eychaz_k8912 3 года назад +1

    can i use this step for loan car? but the others information and question is same like this question

  • @adam.gizlin
    @adam.gizlin 8 лет назад

    The video much appreciated! Everything worked out like a charm, though I used a different formula, a bit different. ^^

  • @erikamone9346
    @erikamone9346 Год назад

    I don’t understand where the 1’s in the formula went? Did you distribute them ?

  • @Jusrandumvids
    @Jusrandumvids 2 года назад +1

    I dont know how to calculate the last part

  • @debarghasingha5297
    @debarghasingha5297 3 года назад

    Thank you sir

  • @Effental89
    @Effental89 2 года назад +1

    It's pretty frustrating when you dont show how to do this also on a calculus exactly

  • @Mrkzio
    @Mrkzio 7 лет назад +2

    I love you hopefully I'll pass 2moro because of you.

    • @eliavtchonev6909
      @eliavtchonev6909 3 года назад

      you probably didn't, seeing as his formula was wrong lol. now I know that a random dude failed a test 3 years ago 😂

  • @ayanmayu336
    @ayanmayu336 5 лет назад +4

    Mortgage amount: 30,000
    Years: 25
    Interest rate 12%
    After 9years interest rate changes to 10% how can i get new monthly repayment ?

  • @wasimakram9905
    @wasimakram9905 7 лет назад +3

    No one ever explainef how to solve power part manually.Explain to the power part calculation manually.

  • @ravenlayug5326
    @ravenlayug5326 3 года назад

    Thank you brother 😊❤️

  • @monlivreetmoi
    @monlivreetmoi 3 года назад

    BIG UP

  • @annj.927
    @annj.927 3 года назад

    Hi, could you please help to explain what’s J1 rate mean, J 12. And J 4....and what is shift meaning in mortgage payment, also what’s EFF% meaning? Thank you!

  • @dessertspring6206
    @dessertspring6206 3 года назад +1

    15”, you can explain in 1” video. Don’t repeat so much and stick to the core.

  • @najamusman2095
    @najamusman2095 3 года назад +1

    If it is compounded annually then what we do?

    • @MathematicsTutor
      @MathematicsTutor  3 года назад

      Please check this video: ruclips.net/video/FYen25ZPYNU/видео.html
      Thanks

    • @MathematicsTutor
      @MathematicsTutor  3 года назад

      Also this playlist: ruclips.net/p/PLJ-ma5dJyAqrWspcH5wXSOcsqWZhBd3OW

  • @sengtouch3812
    @sengtouch3812 4 года назад

    i have an exercise but i a little bit long that's why i cant solve it can u help me please?

  • @planetdelap2948
    @planetdelap2948 4 года назад +1

    This is an algebra question. Can someone show how to get that R by itself? Thank you.

  • @sheinp9056
    @sheinp9056 3 года назад

    do we have any formula to find no of months

  • @MathematicsTutor
    @MathematicsTutor  7 лет назад +2

    Hello

  • @peteflowers7711
    @peteflowers7711 4 года назад +1

    Is 190,000 dollars house price or down payment?

    • @MathematicsTutor
      @MathematicsTutor  4 года назад

      190,000 is the balance amount to be paid after down payment is done.
      thanks

  • @ldsgermanshepherdboy9272
    @ldsgermanshepherdboy9272 6 лет назад

    Apparently I am still getting this wrong as I have gotten a negative of the equation....:/ I punch in [1-(1+0.08/12)^(-300)]/ 190,000(0.08/12). What am I typing in wrong to my calculator to get a negative answer?

  • @MuffinSkillz
    @MuffinSkillz 3 года назад

    What if interest rate is not compounded monthly but fixed

  • @twlson49
    @twlson49 5 лет назад +5

    according to my calculator the correct answer is 1466.45

  • @sm-df7rq
    @sm-df7rq 8 лет назад +1

    Something is wrong My answer is 1367.23 for monthly payments

  • @olwethunqindi8488
    @olwethunqindi8488 4 года назад +1

    Hello what happens when the payments before they are due ?

    • @MathematicsTutor
      @MathematicsTutor  4 года назад

      Will post a video on that. Thanks

    • @olwethunqindi8488
      @olwethunqindi8488 4 года назад

      @@MathematicsTutor hope you heard my question ,I meant to ask what happens to payments when they stop before they are due .For exactly say they start immediately and stop after 20 years but the annuity is said to be only due after 25 years .

    • @olwethunqindi8488
      @olwethunqindi8488 4 года назад

      *example*

    • @olwethunqindi8488
      @olwethunqindi8488 4 года назад

      @@MathematicsTutor hey sir been waiting for you video can you please upload

  • @PollMeAway
    @PollMeAway 8 лет назад

    thanks a lot! this helped

  • @HoldOn987
    @HoldOn987 3 года назад

    Sir i think you should check back your formula. Seem wrong to me

  • @ainaamirahasni
    @ainaamirahasni 4 года назад +1

    Is it the value of - 300 is the PMT ?

    • @MathematicsTutor
      @MathematicsTutor  4 года назад

      Here is related video: ruclips.net/video/tOrgX8Jw4is/видео.html
      Thanks

  • @vaggelismpeletsas7086
    @vaggelismpeletsas7086 2 года назад

    There is a much easier way of calculating the monthly payment

  • @uilenbal
    @uilenbal Год назад

    It would be better to just delete the video because of the mistake. Probably causes more confusion than that it (effectively) helps people

  • @matyaskika2331
    @matyaskika2331 5 лет назад +1

    legend

  • @THENETESH
    @THENETESH 6 лет назад +2

    How to calculate that -n?

    • @MathematicsTutor
      @MathematicsTutor  6 лет назад

      Watch Part B: ruclips.net/video/TTGFetGoQUo/видео.html
      Thanks

  • @allwyndsouza4219
    @allwyndsouza4219 3 года назад

    The words are coming on screen so it can't been

  • @ganeshjadhav1900
    @ganeshjadhav1900 3 месяца назад

    Answer getting wrong Even after the author corrected the formula

  • @nicolebaja1593
    @nicolebaja1593 3 года назад

    I can't see the solution because of the subtitle🙁

  • @fatimahzahraabdulhamid448
    @fatimahzahraabdulhamid448 7 лет назад +2

    my answer is math error

  • @heatherjustice8159
    @heatherjustice8159 7 лет назад

    How can I calculate a monthly payment using 365/365 and not 365/360?

  • @RadhikaMeera
    @RadhikaMeera 4 года назад

    Sir do you have an Instagram account for students to follow

  • @samz8833
    @samz8833 9 лет назад +1

    When i put this into my calculator i get -196.. why?

    • @ajmalaboo7119
      @ajmalaboo7119 8 лет назад

      i also got the same

    • @MathematicsTutor
      @MathematicsTutor  8 лет назад +2

      +ajmal aboo Please correct the formul: PV = R[1 - (1 + i)^(-n)]/i
      In your calculations use (1 + i) and not (1 - i).

    • @MathematicsTutor
      @MathematicsTutor  8 лет назад +1

      +sam Master Please correct the formula PV = R[1 - (1 + i)^(-n)]/i
      In your calculations use (1 + i) and not (1 - i).

  • @TheMaster47x
    @TheMaster47x 5 лет назад +1

    8% compound not simple

  • @RadhikaMeera
    @RadhikaMeera 4 года назад

    Sir do you have a Instagram page .

  • @SeamlessVideography
    @SeamlessVideography 6 лет назад +3

    You need to get to the point ASAP you talk for ever!!!

  • @phindilemotshwene9015
    @phindilemotshwene9015 2 года назад

    im getting a neg value

  • @KamogeloMaleka-zr9uj
    @KamogeloMaleka-zr9uj 3 месяца назад +1

    😢only problem is you talk alot

  • @munashenyaya2900
    @munashenyaya2900 2 года назад

    Your formulae is wrong

  • @airplan
    @airplan 4 года назад

    The notation and algebra is totlly wrong!!! remove this video!!!

  • @debarghasingha5297
    @debarghasingha5297 3 года назад

    Thank you sir

  • @dasartattack
    @dasartattack 6 лет назад

    Thank u sir