Mathematics, 19.06.2021 07:10 brookemcelhaney
A couple purchased a home and signed a mortgage contract for $400,000 to be paid with half-yearly payments over a 25-year period. The interest rate applicable is j2 = 7.5% p. a. applicable for the first five years, with the condition that the interest rate will be increased by 9% every 5 years for the remaining term of the loan. Based on the given information. your group is required to use Exxcel software to: (a) Calculate the half-yearly payment required for each five-year interval |10 marks (b) Calculate the loan outstanding (outstanding balance) at the beginning of each five year interval. [10 marks| (c) Prepare a loan amortization table for the final 12 half-years of the loan term. |10 marks
Answers: 2
Mathematics, 21.06.2019 19:00
Tabby sells clothing at a retail store, and she earns a commission of 6.25% on all items she sells. last week she sold a pair of jeans for $32.50, a skirt for $18.95, and 2 blouses for $14.95 each. what was tabby's total commission? a $4.15 b $5.08 c $81.35 d $348.60
Answers: 1
Mathematics, 21.06.2019 21:00
Estimate the area under the curve f(x) = 16 - x^2 from x = 0 to x = 3 by using three inscribed (under the curve) rectangles. answer to the nearest integer.
Answers: 1
A couple purchased a home and signed a mortgage contract for $400,000 to be paid with half-yearly pa...
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