9D

9D

Multiple Choice

Jane borrows $50,000 to buy some shares. Jane negotiates an interest only loan for this amount at an interest rate of 9% per annum, compounding monthly. We want to know what the monthly payment amount will be. In the financial solver what are we looking for (keep as 0)

• N

• I%

• PV

• Pmt

• Fv

Multiple Select

Jane borrows $50,000 to buy some shares. Jane negotiates an interest only loan for this amount at an interest rate of 9% per annum, compounding monthly. We want to know what the monthly payment amount will be. In the financial solver which of the following is correct?

• PV = 50000

• Pv = -50000

• FV = 0

• FV = 50000

• FV = -50000