Exam FM topic · 15–25% syllabus weight

Exam FM Loans practice problems

Independently written solutions mapped to this official syllabus topic. Pages appear only after all required checks agree.

Topic orientation

What this topic tests

Loans problems connect level-payment annuities with outstanding balances, amortization schedules, refinancing, sinking funds, and principal-interest splits. The balance at a given time is the value at that time of the obligation that remains.

A reliable solution computes a balance prospectively from remaining payments and checks it retrospectively from accumulated principal and payments. The BA II Plus TVM worksheet is useful only after deciding whether the requested balance is immediately before or after a payment.

Typical failure modes

Using the original loan term instead of the number of payments remaining
Calculating interest from the balance after rather than before the payment
Using the loan rate for a sinking fund that earns a different rate

Published ledger

Exam FM Loans practice problems and solutions

Each entry shows its independent calculation record and links to the official source without reproducing protected wording.

Drill one method at a time

Techniques that keep appearing in Loans

Each guide collects the questions above that turn on the same method, with the formulas and the errors that cost marks.

49 worked solutions

Exam FM Loan Amortization and Balances problems

Level-payment loans, prospective and retrospective balances, principal-interest splits, refinancing, and balloon payments.

Study the whole topic offline

Every Exam FM sample question in one searchable PDF

The 83 pages above stay free. The manual collects the complete Exam FM sample set in syllabus order, with the same working, the wrong-choice notes, and one new practice problem per question.

See the Exam FM study manual PDF — $49 Free Exam FM formula sheet All Exam FM sample-question solutions