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Your bank has a loan outstanding with a current balance of $1,000,000 that is payable in quarterly equal instalments of $49,924. This loan has another 6 years to maturity. The borrower has run into financial problems and has requested a reduction of the quarterly instalments to $40,000. The cost of money to the bank is 6% (with quarterly compounding). Estimate the loss to the bank if it agrees to restructure the loan as requested by the client.
ANSWER:
9*9
Jay bought twenty-five $0.37 stamps. How much did he spend? To ?nd how much Jay spent, you must multiply the cost of each stamp ($0.37) through the number of stamps purchased (
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Program of "surface of revolution" in MATLAB
Excuse me, would you give me main points on prime ideals to do project
4into 5 is;
Max can paint a house in 3 hours. Saria can paint a house in 5 hours. working together, how long will it take both Saria and Max to paint a house?
One of the well-known class of models that involve a simple difference equation are models of mean reversion. These models typically take the form yt+1 - yt = -a(yt - μ)where 0
what is the difference between North America''s part of the total population and Africa''s part
Establish appropriate algebraic models for each of the following sets of data. You can use technology to assist. Plot them on grids and demonstrate how you have established each mo
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