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

Prove that cos - sin = v2 sin , If cos?+sin? = √2 cos?, prove that cos? - ...

If cos?+sin? = √2 cos?, prove that cos? - sin? =  √2 sin ?. Ans:    Cos? + Sin? =  √2 Cos? ⇒ ( Cos? + Sin?) 2  = 2Cos 2 ? ⇒ Cos 2 ? + Sin 2 ?+2Cos? Sin? = 2Cos 2 ? ⇒

Parity to De-Skew, Consider the following proposal to deskew a skewed bitst...

Consider the following proposal to deskew a skewed bitstream from a TRNG. Consider the bitstream to be a sequence of groups ot n bits for some n > 2. Take the first n bits, and o

Given a differential equation will a solution exist?, All differential equa...

All differential equations will doesn't have solutions thus it's useful to identify ahead of time if there is a solution or not. Why waste our time trying to get something that doe

Homotopy, prove same homotopy type is an equivalent relation

prove same homotopy type is an equivalent relation

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)

Horizontal tangents for parametric equations, Horizontal tangents for Param...

Horizontal tangents for Parametric Equations Horizontal tangents will take place where the derivative is zero and meaning of this is that we'll get horizontal tangent at value

Function notation, Now we need to move onto something called function notat...

Now we need to move onto something called function notation.  Function notation will be utilized heavily throughout most of remaining section and so it is important to understand i

Square and square root., the value of square root of 200multiplied by squar...

the value of square root of 200multiplied by square root of 5=

Determinarte, what is the differeance in between determinate and matrix .

what is the differeance in between determinate and matrix .

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