How long will take them to pay off the loan

Assignment Help Financial Accounting
Reference no: EM132564335

Question (a) To purchase a house Rs.180,000 is required for a mortgage. It will be repaid with equal monthly payments over 25 years at 8% interest rate compounded monthly. Determine (a) Monthly Payment (b) Total interest rate paid over the 25 years

Question (b) Electrical department take a loan of Rs. 10,000K at 4.8% /a compounded monthly. The department decides to make monthly payment of Rs.250K. How long it will take them to pay off the loan?

Question (c) Pakistan Cables took out a loan of Rs. 450,000 from the bank. They paying it back over 35 years with payments monthly with interest rate of 13.5% p.a compounded monthly. Determine the balance on their loan now if they have made payments for 31 years

Reference no: EM132564335

Questions Cloud

Find what aspects of the conceptual framework might : A court decision, What aspects of the conceptual framework might help you in deciding the appropriate accounting for this situation?
Explain glam cosmetics should recognise : Explain whether Glam Cosmetics should recognise this expenditure as an asset, justifying your answer by reference to the conceptual framework asset
Explain what is the purpose of gpfr : Discuss the essential characteristics of a liability as described in the conceptual framework. Explain what is the purpose of GPFR
Voter ID in Texas is good idea : Find an OP-ED by author who argues that Voter ID in Texas is a good idea and summarize his arguments.
How long will take them to pay off the loan : 4.8% /a compounded monthly. The department decides to make monthly payment of Rs.250K. How long it will take them to pay off the loan?
What will be the jpy by gbp ask rate : What will be the JPY/GBP ask rate? The JPY/GBP bid rate is the price at which Centurion Bank is willing to buy GBP against JPY, i.e., the number of JPY
The Subversive Activities Control Act : Congress passed the Internal Security Act over President Truman's veto. Also known as the McCarran Act or the Subversive Activities Control Act,
Make a cash budget for July, August and September : Loans taken to meet this requirement cost 1% interest per month (paid monthly). Make a cash budget for July, August and September
Find what is f cost of ordinary shares : At a market price of $28. Dividends last year were $1.30 and are expected to grow at an annual rate of 7%, forever. What is F's cost of ordinary shares?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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