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

Utilizes second derivative test to classify critical point, Utilizes the se...

Utilizes the second derivative test to classify the critical points of the function,                                               h ( x ) = 3x 5 - 5x 3 + 3 Solution T

How we solve polynomial equations using factoring, How we Solve Polynomial ...

How we Solve Polynomial Equations Using Factoring ? A polynomial equation is an equation that has polynomials on both sides. Polynomial equations can often be solved by putti

How much money does she have left, Mary has $2 in her pocket. She does yard...

Mary has $2 in her pocket. She does yard work for four various neighbors and earns $3 per yard. She then spends $2 on a soda. How much money does she have left? This translates

Normal to y=f(x) , If the normal to y=f(x) makes an angle of pie/4 with y-a...

If the normal to y=f(x) makes an angle of pie/4 with y-axis at (1,1) , then f''(x) is eqivalent to? Ans) The normal makes an angle 135 degree with the x axis. also f ''(1)

Example of distributive law, Maya gives the children examples of distributi...

Maya gives the children examples of distributive with small numbers initially, and leads them towards discovering the law. The usual way she does this is to give the children probl

The low temperature in Achorage, The low temperature in Anchorage, Alaska t...

The low temperature in Anchorage, Alaska today was negative four degrees. The low temperature in Los Angeles, California was sixty-three degreees. What is the difference in the two

Standard deviation, i need to work out the standard deviation of 21.4

i need to work out the standard deviation of 21.4

Trigonmetry, [3+tan20+tan80]/tan20+tan80

[3+tan20+tan80]/tan20+tan80

What was the us''s policy towards latin america, What was the US's policy t...

What was the US's policy towards Latin America during the 20th century? What were the motives behind this policy? Give one example of the US executing this policy?

Convert the points into cartesian and polar coordinates, Convert each of th...

Convert each of the following points into the specified coordinate system.  (a) (-4, 2 Π /3) into Cartesian coordinates. (b) (-1,-1) into polar coordinates.  Solution

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