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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.
How can I solve simultaneous equations?
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
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.
What is Matrix addition and subtraction? Illustrate the procedure of Matrix addition and subtraction.
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: Calculate the volume and surface area of a right circular cylinder along with r = 3" and h = 4". Solution: V = πr 2
Find The Ratio Of : 2 dozens to a score
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
Related problems,working rule,defnitions
Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+...+15+17)=
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