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Kristina Said:

Need a wizard with financial calculator. Anyone?

We Answered:

I'd vote for the student loan. It is the higher interest rate. Once it is paid off, you can then free up the money that had been paying it and send that against the mortgage to pay it off years earlier or stuff it in a savings account each month if that is the goal.

Nicholas Said:

My Sharp EL-733A financial calculator does not have I/YR or P/YR buttons. What's equivalent?

We Answered:

If you post this question in the Science and Mathematics category someone browsing there may be able to help you with it.

Kenneth Said:

what is the best financial calculator for the mortgage class?

We Answered:

You can find a lot of free calculators to use at http://www.nationwidebillrelief.com/calc…

Gertrude Said:

TVM problem on a mortgage?

We Answered:

use perhaps the Riemann's dzeta function

Joann Said:

Mortgage problem finance?

We Answered:

This is how you do this one
Do 2nd FV and turn the calculator off and on to clear any previous work the do 2nd CE/C to also clear everything, just in case, so we don't have any problems.
Do 15 X 12 = 180 (because you are making monthly installments so you are making 180 payments all together.)
Then take 9.52 / 12 = 0.7933 (you have to spread the annual rate over a year.)
These instructions are for the BA 2 Financial Calculator
So punch in
180 N
0.7933 I/Y
-375,000 PV
CPT PMT = $3920.2789 so your payment is going to be $3920.28
Then hit 2nd PV (AMORT)
P1=1 Hit down button
P2 = 180 Hit down button
Balance = 0 Hit down Button
PRN = $375,000 Hit down button
INT = $330,666.50
So the total interest paid for the life of the loan is roughly $330,666.50, so the answer is A.
I Hope this helps!

Allan Said:

Home Mortgage pay-off vs. mortgage interest deduction?

We Answered:

The faster you pay off a mortgage the more you'll have to invest or spend. The interest you save is more than the amount you would deduct on your federal income tax.