Determine the price paid for a land, Mathematics

Assignment Help:

A parcel of land, value $250,000 is sold to an investor who signs a contract agreeing to pay a deposit of $25,000 followed by equal quarterly payments for as long as necessary, with the first repayment being 2 years from the sale date and the final smaller repayment being one quarter after the last full payment. Interest on the outstanding money is charged at 12%pa compounded quarterly from the purchase date and the payment size is $15,000.

Exactly 3 years after the contract was signed, the purchaser [i.e. the investor] is up to date with the payments and the vendor sells the contract to a third party who wishes to earn 16%pa compounded quarterly on the investment. Determine the price paid.


Related Discussions:- Determine the price paid for a land

Example for comparison test for improper integrals, Example for Comparison ...

Example for Comparison Test for Improper Integrals Example:  Find out if the following integral is convergent or divergent. ∫ ∞ 2 (cos 2 x) / x 2 (dx) Solution

Non linear relationships, Non Linear Relationships If the correlation ...

Non Linear Relationships If the correlation coefficient and the scatter diagram do not indicate linear relationship, then the relationship may be nonlinear. Two such relations

Find the shortest paths in the digraph, 1. a) Find the shortest paths from ...

1. a) Find the shortest paths from r to all other nodes in the digraph G=(V,E) shown below using the Bellman-Ford algorithm (as taught in class).  Please show your work, and draw t

Cubic math, A fish tank has the base area of 45 cm3 and is filled to the de...

A fish tank has the base area of 45 cm3 and is filled to the depth of 12 cm.If the height is 25 cm then how much more will be needed to fill the rest of the tank?

The perimeter of a rectangle is 104 inches find out width, The perimeter of...

The perimeter of a rectangle is 104 inches. The width is 6 inches less than 3 times the length. Find out the width of the rectangle. Let l = the length of the rectangle and let

Classifying critical points, Classifying critical points : Let's classify ...

Classifying critical points : Let's classify critical points as relative maximums, relative minimums or neither minimums or maximums. Fermat's Theorem told us that all relative

Making connections with maths, MAKING CONNECTIONS :  you have read about w...

MAKING CONNECTIONS :  you have read about what the ability to think mathematically involves. In this section we shall discuss ways of developing this ability in children. As yo

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