Question

a. Create a word problem with all of the provided info, that could be solved using the information shown on the TVM solver above. b. How much interest would be paid in total? c. What would happen to the term and total interest if the payments are increased to $500? Explain in terms of the question you created. N = 36, 1% = 8.5, PV = 12000, PMT = -378.81, FV = 0, P/Y = 12, C/Y = 12 TVM Calculator PV: $12000 Rate: 8.5% PMT: -$378.81 Periods: 36 FV: $0 Monthly PV PMT FV Rate Periods a. Create a word problem with all of the provided info, that could be solved using the information shown on the TVM solver above. b. How much interest would be paid in total? c. What would happen to the term and total interest if the payments are increased to $500? Explain in terms of the question you created.

          a. Create a word problem with all of the provided info, that could be solved using the information shown on the TVM solver above.
b. How much interest would be paid in total?
c. What would happen to the term and total interest if the payments are increased to $500? Explain in terms of the question you created.

N = 36, 1% = 8.5, PV = 12000, PMT = -378.81, FV = 0, P/Y = 12, C/Y = 12

TVM Calculator
PV: $12000
Rate: 8.5%
PMT: -$378.81
Periods: 36
FV: $0
Monthly
PV
PMT
FV
Rate
Periods

a. Create a word problem with all of the provided info, that could be solved using the information shown on the TVM solver above.
b. How much interest would be paid in total?
c. What would happen to the term and total interest if the payments are increased to $500? Explain in terms of the question you created.

a create a word problem with all of the provided info that could be solved using the information shown on the tvm solver above b how much interest would be paid in total c what would happen 37078

Added by Pamela S.

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