The document discusses the costs and considerations for a family deciding whether to buy or rent a home. It provides details on mortgage rates and costs for buying a specific $125,000 home versus renting a comparable property for $875 per month. Calculations show that after 10 years of owning the home, the property value would reach $185,030 but renting costs would be $1,295 per month. The family would have $6,000 equity after buying and over $11,000 after 3 years of mortgage payments.
When the economy fell apart, this slide show explained the basic economic principles at work and offered up some terms that were appearing in the paper at the time.
This slidecast presentation examines data from the Consumer Expenditure Survey to determine the types of expenditures that home owners with a mortgage incur related to their housing situation, when compared with renter households. The results suggest a number of hidden expenditures that should give new home buyers pause when contemplating such an important decision. The costs are even more pronounced for low- and moderate-income populations entering home ownership. [Note: CEX data on slide 12 is quarterly, not monthly]
Demystifying Aged Care Planning:
The Aged Care system is complex.
You don’t need to be an expert but you should have a broad understanding of the issues.
Seek professional advice before you are forced into making decisions that you may regret.
Better lifestyle and financial decisions are made when planning starts early.
Gary Zimmermann from ENVOY MORTGAGE did his presentation on 03/28/12 at the Milwaukee Networking Club. Check out the presentation and the video clip and if you want more information goto
http://milwaukeenetworkingclub.net/envoymortgage.htm
Gifts of Remainder Interests in Homes and FarmsRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
When the economy fell apart, this slide show explained the basic economic principles at work and offered up some terms that were appearing in the paper at the time.
This slidecast presentation examines data from the Consumer Expenditure Survey to determine the types of expenditures that home owners with a mortgage incur related to their housing situation, when compared with renter households. The results suggest a number of hidden expenditures that should give new home buyers pause when contemplating such an important decision. The costs are even more pronounced for low- and moderate-income populations entering home ownership. [Note: CEX data on slide 12 is quarterly, not monthly]
Demystifying Aged Care Planning:
The Aged Care system is complex.
You don’t need to be an expert but you should have a broad understanding of the issues.
Seek professional advice before you are forced into making decisions that you may regret.
Better lifestyle and financial decisions are made when planning starts early.
Gary Zimmermann from ENVOY MORTGAGE did his presentation on 03/28/12 at the Milwaukee Networking Club. Check out the presentation and the video clip and if you want more information goto
http://milwaukeenetworkingclub.net/envoymortgage.htm
Gifts of Remainder Interests in Homes and FarmsRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
Learn about financing college using real estate. This presentation shows forms for setting up your ownership and the tax implications. Go to www.zerocollegedebt.com for more information.
1.You have $24,435.78 in a brokerage account, and you plan to depo.docxpaynetawnya
1.You have $24,435.78 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $240,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.
years
2.Time for a lump sum to double
If you deposit money today in an account that pays 5.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.
years
3.Present and future values of a cash flow stream
An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6.
a. If other investments of equal risk earn 4% annually, what is its present value? Round your answer to the nearest cent.
$
b. If other investments of equal risk earn 4% annually, what is its future value? Round your answer to the nearest cent.
$
Problem 5-14
Future value of an annuity
Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent.
a. $1,000 per year for 10 years at 6%.
$
b. $500 per year for 5 years at 3%.
$
c. $1,000 per year for 16 years at 0%.
$
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
d. $1,000 per year for 10 years at 6%.
$
e. $500 per year for 5 years at 3%.
$
f. $1,000 per year for 16 years at 0%.
$
Problem 5-9
Present and future values for different periods
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent.
a. An initial $500 compounded for 1 year at 8%.
$
b. An initial $500 compounded for 2 years at 8%.
$
c. The present value of $500 due in 1 year at a discount rate of 8%.
$
d. The present value of $500 due in 2 years at a discount rate of 8%.
$
Problem 6-1
Yield Curves
TERM
RATE
6 months
5.03%
1 year
5.41%
2 years
5.65%
3 years
5.79%
4 years
5.87%
5 years
6.1%
10 years
6.35%
20 years
6.63%
30 years
6.76%
a. Plot a yield curve based on these data.
The correct sketch is A, B, C, D
.
b. What type of yield curve is shown?
1. The yield curve is abnormal
2.upward sloping
3. curve is flat
4. downward sloping
5. inverted
c. What information does this graph tell you?
1. In general the rate of inflation is expected to increase and the maturity risk premium is less than zero
2. In general the rate of inflation is expected to decrease and the maturity risk premium is less than zero
3. In genera the rate of inflation is expected to increase and the maturity risk premium is greater than zero
4. The shape of the yield curve depends only on expectations about future inflation which is expected to increase
5. In general the rate of inflation is expected to decrease and the maturity risk premium is greater than zero
d. Based on this y ...
Page I 1 ( Compound value solvingor 11) How many year.docxalfred4lewis58146
Page I
1 ( Compound value solving/or 11) How many years will the following take?
a. $500 to grow to $1,419.71 if invested at 11 percent compounded annually
b. $38 to grow to $65. 1 3 if invested at 8 percent compounded annually
c. $ 120 to grow to $523.62 if invested at 12 percent compounded annually
d. $51 to grow to $62.05 if invested at 4 percent compounded annually
a. How many years wil l it take for $500 to grow to $1,419.71 if invested at 11 percent compounded annually?
_ years (Round to the nearest whole number.)
b. How many years will it take for $38 to grow to $65.13 if invested at 8 percent compounded annually?
_ years (Round to the nearest whole number.)
c. How many years will it take for $ 120 to grow to $523.62 i f invested at 12 percent compounded annually?
_ years (Round to the nearest whole number.)
d. How many years will it take for $51 to grow to $62.05 if invested at 4 percent compounded annually?
_ years (Round to the nearest whole number.)
2 . (Present value) What is the present value of the following future amounts?
a. $600 to be received 9 years from now discounted back to the present at 9 percent.
b. $200 to be received 7 years from now discounted back to the present at 7 percent.
c. $1,200 to be received 12 years from now discounted back to the present at 5 percent.
d. $1,200 to be received 5 years from now discounted back to the present at 17 percent.
a. What is the present value of $600 to be received 9 years from now cliscounted back to the present at 9 percent?
$_ (Rou nd to the nearest cent.)
b. What is the present value of $200 to be received 7 years from now discounted back to the present at 7 percent?
$_ (Round to the nearest cent.)
c. What is the present value of $1,200 to be received 12 years from now discounted back to the present at 5 percent ?
$_ (Roun d to the nearest cent.)
d. What is the present value of $1,200 to be received 5 years from now discounted back to the present at 17 percent?
$_ (Rou nd to the nearest cent.)
Page 3
3 . (Future value) Sarah Wiggum would like to make a single lump-sum investment and have $ 1.9 million at the time of her retirement in 26
years. She has found a mutual fund that expects to earn 4 percent annually. How much must Sarah invest today? If Sarah earned an annual
return of 15 percent, how much must she invest today?
a. IfSarah can earn 4 percent annually for the next 26 years; how much will she have to invest today?
$_ (Round to the nearest cent.)
b. If Sarah can earn 15 percent annually for the next 26 years, how much will she have to invest today?
$_ (Round to the nearest cent.)
4 . (Loan amortization ) Mr. Bill S. Preston, Esq., purchased a new house for $ 160,000. He paid $20,000 down and agreed to pay the rest over
the next 10 years in 10 equal end-of-year payments plus 7 percent compound interest on the unpaid balance. What will these equal
payments be?
The e.
Begin to invest in your future with this residential investment course.
I can help you find the properties that make the most sense. Call to join my investor tour of homes.
Behind Their Eyes - making thinking visible is not enough
Walk into any classroom and watch the breakneck pace at which teachers are working hard to help students learn. Mind you, if we don’t uncover what students are thinking while learning, they may be running down the wrong path. OK, so we need ways to make student thinking visible. Seeing their thinking is important, but we also need to create the time and space for teachers to absorb, reflect, and act on what their students thinking reveals. This workshop shares strategies both for making student thinking visible and for creating time and space for teachers to meaningfully act on what they learn about what’s going on behind their eyes.
“If you really want to understand something, try changing it.” - Kurt Lewin
As the Director of Learning for a school division made up of 18 schools, my job is to help lead the largest change initiative ever undertaken in our school community. One of the most important, difficult, messy things any school leader does is lead change. While we can learn from the change leadership of others, copying their work most often leads to failure. Success is more likely to come from adapting others work to our own context. In this workshop I share the journey we’ve undertaken collectively in our schools; how we developed a shared vision, cultivated collaborative cultures, maintained a focus on deep learning, and wrestle with the nuances of accountability. Informed by the latest research on change management in education, we also model strategies for fostering deep learning conversations in your schools. We’ll engage in some deeper learning conversations together and take back a wealth of ideas you can adapt to your own context. Developing collaborative cultures is careful and precise work that has profound impact when carried out well. So how do you do that? Come, let’s learn together. Good people are important, but good cultures are moreso.
In a world where knowledge is more a verb than a noun how do we foster deep learning in our students? Good questions cause thinking. Unfortunately, many of the questions regularly asked in classrooms focus on knowledge as a noun. This presentation will explore inquiry as a pedagogical stance and the effective use of thinking and learning tools in the classroom. We will work together to model teaching practices that lead to students co-constructing a networked (real world) rather than hierarchical (artificial) understanding of their world regardless of grade level or discipline.
Participants will leave this workshop with a toolkit of research based questioning and thinking strategies they can begin using with their students tomorrow.
This participatory session will engage attendees in some meaningful dialogue around several aspects of digital citizenship. We'll explore some hot-button topics and consider their impact on the work we do as educators. This session will provide clarification around a number of key digital citizenship issues and will also highlight a valuable model for engaging your students in classroom conversations. There’s a fair bit of fear mongering disguised as digital citizenship online. Our kids need more models of empathy and empowerment – so do we. We’ll share some of those models too.
Presented at the Riding the Wave Conference in Gimli, Manitoba. May 2017.
In two words, you remember the whole story: glass slipper, sour grapes, cold porridge. You remember more than facts, you recall relationships & deeper connections between characters. Some of the powerful ways we leverage digital for deeper learning includes challenging sources of information (fake news), exploring bias (developing empathy through multiple perspectives), and creating powerful feedback loops that foster deeper learning.
Powerful narratives, in a word or two, bring to mind a wealth of ideas & relationships; more than just facts. How can we find stories that make our teaching sticky and help kids find, and more importantly tell, stories that make learning stick? This workshop will equip teachers with the skills & knowledge to foster deeper learning across the curriculum by intentionally leveraging digital tools to foster deeper learning.
Tales of Learning and the Gifts of Footprints v4.2Darren Kuropatwa
Presented at the Richmond District Conference, Feb 2017.
Why does digital learning matter? In a society that is increasingly technophilic what are the new literacies we need to be aware of for our own learning and that of our students? How does this impact the way we think about and teach our children to become empowered and empathetic responsible citizens? Answers to these questions and more are shared through a series of powerful tales of learning.
Presented at the Richmond District Conference, Feb 2017.
A series of stories woven together to start a conversation with middle and high school students, teachers, and parents about living our lives on and offline (on The Fourth Screen) more thoughtfully.
This talk focuses primarily on the ideas of Empathy, Empowerment & Persistent Kindness and shares resources teachers can use to lead these sorts of conversations with their own students.
Slides to support a master class on making student thinking visible through practical hands-on activities and structured around Dylan Wiliam's work on formative assessment and active learning. Held at the BYTE Conference 2017 in Portage la Prairie, Manitoba.
A group of educators from the BYTE Conference 2017 (Build Your Teaching Experience) share their ideas about learning as a series of visual metaphors they found on their phones.
Slides to support a master class at the PRIZMAH Conference in Chicago, IL. 5 Feb 2017.
How can we make learning sticky using powerful storytelling frameworks that tap into peoples' emotions? How do we involve all students in creating digital content that doesn't also create hours of content for teachers to assess? This interactive session will showcase Digital Storytelling activities teachers can use in class tomorrow! Document student learning & foster reflective ways for students to share their learning. 1st: we play! Then we'll discuss how to practically adapt these ideas, make them your own, and figure out what sort of infrastructure needs to be in place to support these kinds of powerful learning experiences. We’ll learn how to exercise your students' & your own creativity muscles and share simple strategies for collecting & publishing student work.
In a world where knowledge is more a verb than a noun how do we foster deep learning in our students? Good questions cause thinking. Unfortunately, many of the questions regularly asked in classrooms focus on knowledge as a noun. This presentation will explore the effective use of thinking and learning tools in the classroom. We will work together to model teaching practices that lead to students co-constructing a networked (real world) rather than hierarchical (artificial) understanding of their world regardless of grade level or discipline.
Participants leave this workshop with a toolkit of research based questioning and thinking strategies they can begin using with their students tomorrow.
A series of stories woven together to start a conversation with middle and high school students about living our lives on and offline (on The Fourth Screen) more thoughtfully.
This talk focuses primarily on the ideas of Empathy, Empowerment & Persistent Kindness and shares resources teachers can use to lead these sorts of conversations with their own students.
Slides to support a master class on making student thinking visible through practical hands-on activities and structured around Dylan Wiliam's work on formative assessment and active learning.
A group of educators from the Anderson Union High School & Redding School Districts and share their ideas about learning as a series of visual metaphors.
In a world where knowledge is more a verb than a noun how do we foster deep learning in our students? Good questions cause thinking. Unfortunately, many of the questions regularly asked in classrooms focus on knowledge as a noun. This presentation will explore the effective use of thinking and learning tools in the classroom. We will work together to model teaching practices that lead to students co-constructing a networked (real world) rather than hierarchical (artificial) understanding of their world regardless of grade level or discipline.
Participants leave this workshop with a toolkit of research based questioning and thinking strategies they can begin using with their students tomorrow.
A series of stories woven together to start a conversation with middle and high school students about living our lives on and offline (on The Fourth Screen) more thoughtfully.
This talk focuses primarily on the ideas of Empathy, Empowerment & Persistent Kindness and shares resources teachers can use to lead these sorts of conversations with their own students.
Slides to support a master class at the Building Learning Communities Conference in Boston, MA. 18 July 2016.
How can we make learning sticky using powerful storytelling frameworks that tap into peoples' emotions? How do we involve all students in creating digital content that doesn't also create hours of content for teachers to assess? This interactive session will showcase Digital Storytelling activities teachers can use in class tomorrow! Document student learning & foster reflective ways for students to share their learning. 1st: we play! Then we'll discuss how to practically adapt these ideas, make them your own, and figure out what sort of infrastructure needs to be in place to support these kinds of powerful learning experiences. We’ll learn how to exercise your students' & your own creativity muscles and share simple strategies for collecting & publishing student work.
Slides in support of a professional learning day for administrators in Hanover School Division focused on developing a common language & understanding of Deep Learning Design.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
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Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
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In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
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Kyiv PMDay 2024 Summer
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Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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3. The Dirksons Additional Costs to Purchase Their Home
The Dirksons live in Brandon and bought a house in Portage.
They had the home appraised and paid $125.00 to have it done.
The bank required a survey, and the cost of the survay was
$300.00. the price of the home was $135 000.00, and since their
down payment of $20 000.00 was less than 25% of the total
price, they had to buy “High Ratio Mortgage Insurance” at a cost
of 1.25% of the mortgage. The home insurance premium was
$475.00 but they recieved a $150.00 rebate from the policy they
had on their home in Brandon. The property taxes for the year
had been paid by the previous owner, and so they owed 7
months of the total tax bill of $2 125.00. A dry-walling bill of
$650.00 was split equally between themselves and the former
owner. The Dirksons bought a used washer and dryer for
$920.00. Moving expenses were $320.00 and legal fees that
included the land transfer costs were $965.00.
4. The Dirksons Additional Costs to Purchase Their Home
The total additional costs are $5 957.08, or approximately $6 000.
If they do not have enough money set aside to cover these expenses,
they might be able to add these costs into their mortgage.
5. A group of rural students is planning to go to university. One of the members of
the group suggests that they purchase an older home rather than rent an apartment.
After a careful analysis of their finances, the group decides that their gross
monthly income would be around $3000.00. Monthly property taxes are estimated
to be $125.00. Heating bills are estimated to be $150.00. The group can arrange a
mortgage at a rate of 9%. The three members of the group are able to come up with
a down payment of $8000.00. Determine the maximum affordable purchase price
that can be considered if they take out a 25-year mortgage.
Total allowable monthly
expenses on house
0.32($3000) = $960
Heating & Taxes
$125 + $150 = $275
Maximum Affordable
Maximum Possible Purchase Price is
Monthly Mortgage PMT $90 731.73
$960 - $275 = $685
6. Canadian Mortgages
Most home buyers make monthly payments, but it is also possible to
make payments twice a month, every two weeks, or every week. The
amount of the payment is determined by the following:
• the principal of the mortgage (the size of the loan)
• the amortization term (the number of years you
have to repay the mortgage)
• the interest rate
It is important to use a loan calculator that calculates Canadian
mortgage payments, because for Canadian mortgages the
interest is compounded every six months, and this may not
be the case for mortgages in other countries.
The Mortgage Centre
http://www.mortgagecentre.com/index.cfm
7. The Jamison's Mortgage
The Jamison family has decided to buy a N=
house. they will require a $121 000.00 I%=
mortgage to help pay for the house. PV=
PMT=
• Bank A offers them a 25 year mortgage
FV=
at 7.25%. Determine the size of the P/Y=
monthly payment, the total amount paid for C/Y=
the mortgage, and the total amount of PMT: END BEGIN
interest paid when the mortgage is repaid.
8. • Bank B offers them a 20 year mortgage N=
at 7.25%. Determine the size of the I%=
monthly payment, the total amount paid for PV=
the mortgage, and the total amount of PMT=
interest paid when the mortgage is repaid if FV=
they repay the mortgage with monthly P/Y=
payments over 20 years. C/Y=
PMT: END BEGIN
9. The Jamison's Mortgage
• How much interest do they save by repaying the mortgage
in 20 years instead of 25 years?
10. The Jamison's Mortgage
• Bank C offers them a 25 year mortgage at N=
7.00%. Determine the size of the monthly I%=
payment, the total amount paid for the PV=
mortgage, and the total amount of interest PMT=
paid when the mortgage is repaid. FV=
P/Y=
C/Y=
PMT: END BEGIN
11. The Jamison's Mortgage
• How much interest do they save by paying the mortgage in 25
years at 7.00% instead of in 25 years at 7.25%. (i.e. how much
cheaper is Bank C than bank A?)
13. The Petri Family: A Buy vrs. Rent Case Study
The Petri family needs to move, and so they are looking for another
home. They are considering buying or renting a home. The price of
a suitable home is $125 000. The cost of renting a similar home is
$875 per month. They have $21 000 invested in an account that is
growing by 7% per year, and they will use this for the down
payment and to cover the 'Additional Costs when Purchasing a
Home' if they buy. They have also checked with their bank about a
mortgage, and they can get a 25-year mortgage at 7.25% to pay for
the balance of the home. Other things to consider are:
• the 'Additional Costs when Purchasing a Home' are $6000.00,
and so they will have $15 000 for the down payment
• annual property taxes are about 1.5% of the value of the home
• the home is expected to appreciate at 4% per year
• rental payments are also expected to increase 4% per year
• they expect to receive 7% per year growth in their investment if
they do not use the $21 000 as a down payment for the home.
14. The Petri Family: A Buy vrs. Rent Case Study
1. What is the amount of the monthly mortgage payment?
$787.51
N= N=
I%= I%=
PV= PV=
PMT= PMT=
FV= FV=
P/Y= P/Y=
C/Y= C/Y=
PMT: END BEGIN PMT: END BEGIN
15. The Petri Family: A Buy vrs. Rent Case Study HOMEWORK
2. If the property taxes are 1.5% of the market value, how much
are property taxes the year they buy the home? $1 875.00
After they own the home for 10 years? $2 775.46
16. The Petri Family: A Buy vrs. Rent Case Study HOMEWORK
3. What percent of the first mortgage payment is used to pay interest?
∑Int(1,1) = -654.76 83.14%
17. The Petri Family: A Buy vrs. Rent Case Study HOMEWORK
4. (a) How much is left owing on the home after one year (i.e. 12
bal(12) = 108 353.83
payments)?
(b) What is the total amount they have paid in mortgage payments in
one year? 12 x $787.51 = $9 450.12
(c) How much was the mortgage reduced after 12 payments?
∑Prn(1,12) = -1646.17
(d) What percent of the money paid in the first year was used 17.42%
to reduce the principal of the mortgage?
18. The Petri Family: A Buy vrs. Rent Case Study HOMEWORK
5. If the market value of the home increases 4% per year, what is the
value of the home after 10 years? 10
$125 000 x 1.04 = $185 030.54
19. The Petri Family: A Buy vrs. Rent Case Study HOMEWORK
6. If they rented the home for one year at $875 per month, how much
$10 500.00
would they pay for the year?
How much would the annual rental charge be for the 10th year they
rent if rental rates increase 4% per year. $875 x 1.0410 = $1 295.21
20. The Petri Family: A Buy vrs. Rent Case Study HOMEWORK
7. If they rent the house and invest the $21 000 at 7% per year, how
$42 202.89
large would the investment be after 10 years?
21. The Petri Family: A Buy vrs. Rent Case Study HOMEWORK
Equity = Purchase Price(*) - Mortgage Principal Remaining
8. What equity does the Petri family have in the home immediately
after buying it? After 2 years? After 3 years?
$6 000.00
∑Prn(1,24) = -3413.87
$9 413.87 ∑Prn(1,36) = -5312.04
$11 312.04