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1) You've got chosen to purchase a car and fund it with a 15-year, 4.50% APR mortgage. The car costs $600,000 and the bank requires a 20% down installment. All mortgage installments are made month to month at the starting of the month. Appear your work. Complete the amortization plan underneath for the primary three months of the contract.
2) During the final three months intrigued rates have fallen, and you'd like to require advantage of the lower rates that as of now exist by renegotiating. Renegotiating implies you pay off the extraordinary foremost adjust on your current contract with a modern credit at the lower rates that as of now exist.
a) What is the exceptional adjust on your mortgage after three months?
b) In the event that rates have fallen to 3%, how much would you spare month to month on the off chance that you renegotiate at the conclusion of the moment month? (accept you take out a modern 15-year credit). Appear your calculations.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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