Exercise 4

Exercise 4 Instructions

1. Pick any 2 calculators at http://www.bankrate.com/calculators.aspx. Paste the information entered and your results into a Microsoft Word document, and attach it in the assignment link. Make sure that you list the title of the calculator, and ensure there is a clear separation between the 2 calculators. The primary purpose of this assignment is learning how to enter the correct information and get the desired results.

2. Go to Zillow for a free estimate of the value of a house (you can use your address or any address). Put the selected address and value in the textbox section in the assignment link. Remember that this is just a rough estimate.

3. Use time value of money (your financial calculator or Excel as you did in Module/Week 2) to answer the following question: 

I have $3,000 in credit card debt. If I can pay $150.00 a month, how long will it take to pay it off? My current interest rate is 18%. Remember to include your inputs.

Submit this assignment by 11:59 p.m. (ET) on Monday of Module/Week 4.