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

Percentage of values will fall in the normal group, If the normal range is ...

If the normal range is 65-10 mg/dl, then what percentage of values will fall in the normal group?

How much did donald earn in commissions last month, Donald sold $5,250 wort...

Donald sold $5,250 worth of latest insurance policies last month. If he receives a commission of 7% on new policies, how much did Donald earn in commissions last month? To ?nd

Evaluate the limit, Evaluate the given limit. Solution : It is a ...

Evaluate the given limit. Solution : It is a combination of many of the functions listed above and none of the limited are violated so all we have to do is plug in x = 3

What is a set, A set can define as a precise group of distinct objects. Wel...

A set can define as a precise group of distinct objects. Well-defined group means that there be a principle with the help of which it is probable to tell whether a given object rel

Solve the following word problems, 1.   The length of a rectangle is 2 time...

1.   The length of a rectangle is 2 times its width.  The area of the rectangle is 72          square inches. Find the dimensions of the rectangle.   2.   The length of a rec

Callie grandmother pledged $0.50 for each mile callie walked, Callie's gran...

Callie's grandmother pledged $0.50 for each mile Callie walked in her walk-a-thon. Callie walked 9 miles. How much does her grandmother owe? Multiply the number of miles (9) th

What is a percentage, Q. What is a percentage? Ans. Percent  mean...

Q. What is a percentage? Ans. Percent  means "per hundred", or "out of 100". A percentage can be written as a ratio, or fraction, where the denominator (bottom) is 100.

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