Estimate the loss to the bank - restructure the loan, Mathematics

Assignment Help:

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:


Related Discussions:- Estimate the loss to the bank - restructure the loan

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

Prove that if x is a real number then [2x] = [x] + [x + ½ ], Prove that if...

Prove that if x is a real number then [2x] = [x] + [x + ½ ] Ans: Let us consider x be any real number. It comprises two parts: integer and fraction. With no loss of

Progressions, The sum of the series 1+1/2+1/4,..is

The sum of the series 1+1/2+1/4,..is

Trinomial x2 + 2x + 1 what are the dimensions of the field, A farmer's rect...

A farmer's rectangular field has an area in which can be expressed as the trinomial x2 + 2x + 1. In terms of x, what are the dimensions of the field? Because the formula for th

Average, A boy covered half of distance at 20km/hr and rest at 40kmlhr. cal...

A boy covered half of distance at 20km/hr and rest at 40kmlhr. calculate his average speed.

Explain measurement conversions in details, Explain Measurement Conversions...

Explain Measurement Conversions in details? The following tables show measurements of length, distance, and weight converted from one system to the other. Length and Distanc

Ratio, which ratio is largar. 1. 15:16 or 24:25

which ratio is largar. 1. 15:16 or 24:25

POLYNOMIAL, HOW WE CAN FACTORISE 12X+7X+1

HOW WE CAN FACTORISE 12X+7X+1

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