Engineering Economics, Mortgage example part 2; amount owing at the end of a mortgage term; renegotiating mortgage payments; F given A; F/A; F given P; F/P
I cannot figure out how you got 77.437... like in your previous one you used the same value and got 1.6453, can you show your steps for that second calculation to get 153,500.49 at the end.
The 77.437 is the so-called F/A compound interest factor and the 1.6453 is the F/P compound interest factor. I do provide the formulas for these factors in this video but you need to watch closely! If you go to my main Channel page you should be able to find to find a video specifically on compound interest factors.
im amazed by your calculations, how did u calculate the numbers without even using a calculator?
I guess it's the magic of RUclips! Or it could also be my notes! Thanks for the comment.
I cannot figure out how you got 77.437... like in your previous one you used the same value and got 1.6453, can you show your steps for that second calculation to get 153,500.49 at the end.
The 77.437 is the so-called F/A compound interest factor and the 1.6453 is the F/P compound interest factor. I do provide the formulas for these factors in this video but you need to watch closely! If you go to my main Channel page you should be able to find to find a video specifically on compound interest factors.
@@EngineeringEconomicsGuy ah ok it probally the numbers that confused me cause in my class are periods go up to 25