Reference no: EM133031180

Question - (a) GEOM Properties recently released their new housing estate plan of 18 rows. It has 35 houses in the first row, 33 in the second row, 31 in the third row, and so forth. Find the total number of houses in the estate

(b) Minnie borrowed $5,000 from her mother. She agrees to repay the loan by paying $100 per month to reduce the loan and 0.25% of the unpaid balance each month for using the money. What is the total cost of the loan if she takes 12 months to repay her mother?

(c) Michelle bought 1000 shares of BTECH at RM0.50 per share and 1100 shares of GASMSIA at RM2.70 per share. A year later, Michelle sells all her BTECH and GASMSIA shares at RM0.60 and RM2.60 per share, respectively. For both transactions, Michelle used a stockbroker that charged a commission of 2.5%.

i. Find the total cost that Michelle paid to buy the shares.

ii. Find the total proceeds Michelle received from selling the shares.

iii. Find Michelle's rate of return on the sale (that is, the return on investments). Interpret this value.