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

Math, 1+3+5+7+9+11+13+15+17+19

1+3+5+7+9+11+13+15+17+19

4th grade, Ray cut 6 pieces of rope . Each piece was between 67 and 84 inch...

Ray cut 6 pieces of rope . Each piece was between 67 and 84 inches long. What would be the total length of the 6 pieces of rope?

Marketing mix, 1) Identify key characteristics of product or services and e...

1) Identify key characteristics of product or services and estimate their significance to the market 2) Identify and analyse level of customer service provision to determine its si

Solving algebraic word problems, Solving Algebraic Word Problems: What...

Solving Algebraic Word Problems: What are the capacities of two water storage tanks in a nuclear facility if one holds 9 gallons less than three times another, and their whole

Rational numbers, Although the set of integers caters to a larger aud...

Although the set of integers caters to a larger audience, it is inadequate. This inadequacy has led to the formulation of Rational numbers. Rational numbers are of

Determine the probability that is of low quality, 1) A local factory makes ...

1) A local factory makes sheets of plywood. Records are kept on the number of mild defects that occur on each sheet. Letting the random variable x represent the number of mild de

Ordinary and partial differential equations, A differential equation is ter...

A differential equation is termed as an ordinary differential equation, abbreviated through odes, if this has ordinary derivatives in it. Similarly, a differential equation is term

Geometry, In a square of side 8 cm two quadrant with taking the side of squ...

In a square of side 8 cm two quadrant with taking the side of square as radius are inscribed in the square..

Fundamentals of math, When there are 4 dots how many chords are they

When there are 4 dots how many chords are they

Regression, Regression line drawn as y=c+1075x, when x was 2, and y was 239...

Regression line drawn as y=c+1075x, when x was 2, and y was 239, given that y intercept was 11. Caculate the residual

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