Determine the size of the proposed repayments, Mathematics

Assignment Help:

Five years ago a business borrowed $100,000 agreeing to repay the principal and all accumulated interest at 8% pa compounded quarterly, 8 years from the loan date. Two years after the first borrowing, the business approached the same lender for a second loan. The lender agreed to a loan of $200,000 to be repaid with all accumulated interest at 6%pa effective 10 years from the loan date. Today the borrower approaches the lender with a proposal to discharge BOTH loans by equal payments at the ends of years 1, 3 and 4 and a cash payment of $50,000 at the end of year 6 from the present. If money is worth 5.25% pa effective, determine the size of the proposed repayments.


Related Discussions:- Determine the size of the proposed repayments

Ellipsoid - three dimensional spaces, Ellipsoid Now here is the genera...

Ellipsoid Now here is the general equation of an ellipsoid. X 2 / a 2 + y 2 /b 2 + z 2 /c 2 = 1 Here is a diagram of a typical ellipsoid. If a = b = c afterw

Organized list strategy, i can not figer out my homework it says "USE THE M...

i can not figer out my homework it says "USE THE MAKE AN ORGANIZED LIST STRATEGY,Medeline bikes 4 laps around her neighborhood 2 times a week.How many laps does she bike in 8 weeks

Hypothesis testing, Hypothesis Testing Definition of Hypothesis Testing...

Hypothesis Testing Definition of Hypothesis Testing - A hypothesis is a claim or an opinion about an issue or item.  Hence it has to be tested statistically in order to esta

Algebra, Evaluate: 30 - 12÷3×2 =

Evaluate: 30 - 12÷3×2 =

Solving whole-number riddles, I am greater than 30 and less than 40. The su...

I am greater than 30 and less than 40. The sum of my digits is less than 5. who am I?

Method to determine solution is absolute value, Method to determine solutio...

Method to determine solution is absolute minimum/maximum value Let's spend a little time discussing some methods for determining if our solution is in fact the absolute minimum

Prisms, i have to find surface,lateral,and volume

i have to find surface,lateral,and volume

Problem, La proporción de empleados de una empresa que usan su auto para ir...

La proporción de empleados de una empresa que usan su auto para ir al trabajo es 5:16. Si hay un total de 800 empleados, diga la cantidad de autos que se espera que haya estacionad

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