An amortization, Mathematics

Assignment Help:
Ahmad borrowed $450000.00 at 3% compounded semi-annually for ten years to buy an apartment. Equal payments are made at the end of every six months.

a) Determine the size of the semi-annual payments.(6 marks)






b) Prepare an amortization schedule showing the details of the first two payments and the totals of all payments.(10 marks)

Related Discussions:- An amortization

What is dividing fractions, What is Dividing Fractions? If you want to ...

What is Dividing Fractions? If you want to divide two fractions, you invert the second fraction (that is, turn it upside-down) and change the division sign to a multiplication

Exponential and geometric model, Exponential and Geometric Model Expo...

Exponential and Geometric Model Exponential model  y = ab x Take log of both sides log y = log a + log b x log y = log a + xlog b Assume log y = Y and log a

Numerical method, The Stefan-Boltzmann law can be employed to estimate the ...

The Stefan-Boltzmann law can be employed to estimate the rate of radiation of energy H from a surface of copper sphere with radius = 0.15 ±0.01 m, as in H=AesT^4 where H is in watt

Trignometry, how can i easily solve the trignometry question?

how can i easily solve the trignometry question?

Reflection matrix, how do i solve reflection matrix just looking at the num...

how do i solve reflection matrix just looking at the numbers in a matrix

Arc length with vector functions - three dimensional space, Arc Length with...

Arc Length with Vector Functions In this part we will recast an old formula into terms of vector functions.  We wish to find out the length of a vector function, r → (t) =

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd