College Loan Repayment
Step 1. Calculate amount you owe today:PV = Amount of LoanFV = Solve for ?PMT = 0N = Number of Initial Years x 12I = Interest Rate / 12 (Use 4 places)Step 2.PV = FV Amount Solved forFV = 0PMT = Solve for ?N = Repayment of # Years x 12I = Use Previous I Rate (2 places)