Originally Posted by

**chelseam** TMV solver is how you solve questions like this on your calculator.

n=

i%=

pv=

pmt=

FV=

p/y=12

c/p=2

This sis the layout for the TMV solver.

This is what i get for **A)** 180,000 x 0.03 = 5400

5400 x 5 =$27,000

27,000 + 180,000 = **$207,000**.

.. I'm not sure if this is correct.

**B)**

n= 25 x 12 (total number of payment periods) .. 25 years, 12 months a year since its paid for monthly

i%= 7.5 (interest)

pv= 180, 000 (present value)

**PMT**= (payments per month)

FV=0 (future value)

p/y=12 (payments per year)

c/p=2 (compound period)

With this format i get my **PMT** to be 1316.79885.