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Present Value and Loans. Mat 112. Now, let’s withdraw. Withdraw from a “present value”. Paying off a Loan. How long does the money last?. Quarterly Withdrawals. Present Value. We use the same “sum of a series” technique, as we used for FV, and arrive at:. Another sum of exponentials.

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## Present Value and Loans

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**Present Valueand Loans**Mat 112**We use the same “sum of a series” technique, as we used**for FV, and arrive at: Another sum of exponentials**Examples for Present Value**Mat 112**Setup, and compute...**PMT = $ 846.09**A Bigger Loan**If you plan to buy a house and finance $90,000 with a 30-year loan charging 6.6% compounded monthly, what is the size of your monthly payment? Here n = 12(30) = 360 payments. Over the 30 years, what is the total of your monthly payments?

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