Determine the interest, Taxation

For the loan below, calculate principal interest portion of the payment listed in the last column.

 

Amortization

Payment

Nominal

Pricipal/Interest

Original

period

interval

rate (%)

portion of

Principal ($)

(years)

monthly

12% compounded monthly

Payment #

30,000

10

 

 

99

 

 

 

 

 

 

2. What will be the balance in 25 years of an investment plan that requires year-end contribution of $1000 for 25 years if it earns 7.5% compounded annually for the first 10 years and 8% compounded annually thereafter?

3. If Hans contributes $1500 to his rrsp on February 1, 1990 and every 6 months thereafter up to and including February 1, 2017, what amount will he accumulate in the RRSP by August 1, 2017?  Assume that the RRSP will earn 8.5% compounded semi-annually.  How much of the total will be interest?

Posted Date: 2/19/2013 12:28:32 AM | Location : United States







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