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

Distinct roots, There actually isn't a whole lot to do throughout this case...

There actually isn't a whole lot to do throughout this case.  We'll find two solutions which will form a basic set of solutions and therefore our general solution will be as,

Marketing plan and its parts, can you offer help with an entry level market...

can you offer help with an entry level marketing class and with developing charts and tables for the final marketing plan?

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

Eqt.., pam bought a new bedroom suit for $2588.she me a down payment of $18...

pam bought a new bedroom suit for $2588.she me a down payment of $188 and paid the remaining amount in 24 equal monthly payments .how much did she pay for each monthly payment.

Create graph showing the depth of the water , Your friends have opened an o...

Your friends have opened an ocean fishing operation that requires their fishing vessel to cross a channel, where the depth of the water (measured in metres) varies with time, and i

Construction , construct of tangents a circle from an external point when ...

construct of tangents a circle from an external point when its centre is not known

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