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

What are various strategies adopted for learning maths, Give some children ...

Give some children around you a task in mathematics. The task should be in an area in which they' have not been given a large dose of algorithms and strategies. Do all of them foll

How far apart are the two boats, Two boats leave the same port at the same ...

Two boats leave the same port at the same time. One travels at a constant speed of 30 km/hr at a bearing of 50° and the other on a bearing of 110° at a constant speed of 26 km/hr.

Matrix addition and subtraction, What is Matrix addition and subtraction? I...

What is Matrix addition and subtraction? Illustrate the procedure of Matrix addition and subtraction.

Algebra, let setM={X,2X,4X} for any numberX .if average (arthemetic mean)of...

let setM={X,2X,4X} for any numberX .if average (arthemetic mean)of the number in setM is 14.what is the value of X?

Find the volume of a right circular cylinder, Find the volume of a right ci...

Find the volume of a right circular cylinder: Calculate the volume and surface area of a right circular cylinder along with r = 3" and h = 4".  Solution: V =      πr 2

Multiplication of binomials, To understand the multiplication of binomials,...

To understand the multiplication of binomials, we should know what is meant by Distributive Law of Multiplication. Suppose that we are to multiply (a + b) and m. We

Sequence and series, Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+.....

Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+...+15+17)=

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