#### Learning Objectives – Class 8

After today’s lecture, and after working the homework problems, the student should be able to

- Calculate a home mortgage
- Calculate how much interest will be paid on a loan
- Calculate how much interest can be saved if a loan is paid off early
- Determine if re-financing a loan at a lower interest rate is justified
- Calculate a car loan
- Calculate pension plan returns
- Calculate current value, current purchase/selling price of bonds

#### Topics covered in today’s class

- Mortgage interest and principal payments
- Bonds