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- https://math.libretexts.org/Courses/Fullerton_College/Math_100%3A_Liberal_Arts_Math_(Claassen_and_Ikeda)/03%3A_Finance/3.06%3A_Which_equation_to_useWhen presented with a finance problem (on an exam or in real life), you're usually not told what type of problem it is or which equation to use. Here are some hints on deciding which equation to use b...When presented with a finance problem (on an exam or in real life), you're usually not told what type of problem it is or which equation to use. Here are some hints on deciding which equation to use based on the wording of the problem.
- https://math.libretexts.org/Courses/Chabot_College/Math_in_Society_(Zhang)/05%3A_Annuities_and_Loans/5.05%3A_Which_equation_to_useIf the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" ...If the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" For each of the following scenarios, determine if it is a compound interest problem, a savings annuity problem, a payout annuity problem, or a loans problem.
- https://math.libretexts.org/Courses/Highline_College/Math_111%3A_College_Algebra/06%3A_Finance/6.05%3A_Multistage_ProblemsFor the second phase, we know everything except the starting balance of the account, so we will start the problem in the second phase. Now that we know the ending balance of each stream of money, we c...For the second phase, we know everything except the starting balance of the account, so we will start the problem in the second phase. Now that we know the ending balance of each stream of money, we can add those together to find the total balance of the account at the end of the ten years: So after 5 years, the remaining balance on the loan is $184,926.00, and that is the amount we will refinance in a new 30 year mortgage at the fixed 4% rate:
- https://math.libretexts.org/Courses/American_River_College/Math_300%3A_My_Math_Ideas_Textbook_(Kinoshita)/03%3A_Finance/3.01%3A_Finance/3.1.08%3A_Which_equation_to_useIf the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" ...If the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" For each of the following scenarios, determine if it is a compound interest problem, a savings annuity problem, a payout annuity problem, or a loans problem.
- https://math.libretexts.org/Courses/Angelo_State_University/Finite_Mathematics/08%3A_Finance/8.07%3A_Which_equation_to_useThis section contains an overview of the chapter from the perspective of choosing the right financial formula for a given problem.
- https://math.libretexts.org/Courses/Cosumnes_River_College/Math_300%3A_Mathematical_Ideas_Textbook_(Muranaka)/06%3A_Miscellaneous_Extra_Topics/6.01%3A_Finance/6.1.07%3A_Which_equation_to_useIf the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" ...If the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" For each of the following scenarios, determine if it is a compound interest problem, a savings annuity problem, a payout annuity problem, or a loans problem.
- https://math.libretexts.org/Courses/Rio_Hondo/Math_150%3A_Survey_of_Mathematics/02%3A_Finances/2.09%3A_Which_equation_to_useIf the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" ...If the problem is not a loan, the next question you want to ask is: "Am I putting money in an account and letting it sit, or am I making regular (monthly/annually/quarterly) payments or withdrawals?" For each of the following scenarios, determine if it is a compound interest problem, a savings annuity problem, a payout annuity problem, or a loans problem.
- https://math.libretexts.org/Workbench/Business_Precalculus/06%3A_Finance/6.05%3A_Multistage_ProblemsFor the second phase, we know everything except the starting balance of the account, so we will start the problem in the second phase. Now that we know the ending balance of each stream of money, we c...For the second phase, we know everything except the starting balance of the account, so we will start the problem in the second phase. Now that we know the ending balance of each stream of money, we can add those together to find the total balance of the account at the end of the ten years: So after 5 years, the remaining balance on the loan is $184,926.00, and that is the amount we will refinance in a new 30 year mortgage at the fixed 4% rate:
