Loan Calculations and Refinancing
Free SOA Exam FM (Financial Mathematics) lesson in Loans. 16 min read, ~2,473 words.
Loan equation:. Given any three of, solve for the fourth. Refinancing: compute first, then. Total interest over a block:. Convertible -thly: periodic rate, periods. Non-integer: final payment is a drop or balloon. Lender's realized yield with reinvestment at: accumulate the payments, then.
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What this lesson covers
- Content
- Example 1
- Example 2
- Example 3
- Example 4
- Example 5
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 3b
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