Level Payment Amortization of Loans Examples | Exam FM | Financial Mathematics - JK Math

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Example Problems For Level Payment Amortization For Loan Repayment (Financial Mathematics)

In this video we look at practice problems that involve using the amortization method for repaying a loan with a series of level payments. In these examples we calculate the outstanding balance, interest accumulated, and the principal paid at particular moments in time for loans that are being repaid.

This course is designed to help students understand the concepts of mathematics of investment and credit, as well as provide a starting point in preparation for the Actuarial Exam FM (Financial Mathematics).

Financial Mathematics requires a proficient understanding of Calculus concepts such as derivative and integration techniques. This implies that a solid understanding in various algebra skills, including manipulating equations, basic factoring methods, solving logarithmic equations, and more, are also required to fully comprehend and learn the concepts of the Financial Mathematics course.

Video Chapters:
0:00 Example 1 - Amortization Schedule
9:09 Example 2 Part 1 - Finding the Payment
12:11 Example 2 Part 2 - Total Principal & Interest
14:02 Example 2 Part 3 - Outstanding Balance at t=5
16:30 Example 2 Part 4 - Principal & Interest over 5 years

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