What is the formula to compute the annual payment a

Assignment Help Electrical Engineering
Reference no: EM13259512

Economic formulas are available to compute annual payments for loans. Suppose that you borrow an amount of money P and agree to repay it in n annual payments at an interest rate of i. The formula to compute the annual payment A is:

A=P*[(i(1+i)^n)/((1+i)-1]

Write an M-file to compute A. Test it with P=$100,00 and an interest rate of 3.3%(i=0.033). Compute results for n=1,2,3,4 and 5 and display the results as a table with headings and columns for n and A.

Reference no: EM13259512

Questions Cloud

Calculate the current price of the bonds : Midland Oil has $1,000 par value bonds outstanding at 8 percentinterest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is:
Recorded value of a note : If the recorded value of a note differs from the face value:
How much heat flows between the gas and the heat reservoir : An ideal gas is in contact with a heat reservoir to that it remains at a constant temperature of 300.0 K. How much heat flows between the gas and the heat reservoir
Determine basic earrings per share of common stock : A) calucate the basic earrings per share of common stock for the year ended Jan 31,2011
What is the formula to compute the annual payment a : Economic formulas are available to compute annual payments for loans. Suppose that you borrow an amount of money P and agree to repay it in n annual payments at an interest rate of i. The formula to compute the annual payment A is
Prepare ingood form a statement of revenues : Prepare ingood form (proper heading, etc.) a statement of revenues,expenditures, and changes in fund balance for this fund for20X9.
Describe the types of questions : Describe the types of questions that you asked yourself to ensure that you used critical thinking in your research and analysis of the problem.
Calculate the change of volume of the gas in this process : If 1.00 mol of oxygen is heated at constant pressure of 1.00 atm from 10.0?C to 25.0?C. What is the change of volume of the gas in this process
Define neutralize the excess and unreacted hcl : A 0.2527-g sample of a mixture of Mg(OH)2 and Al(OH)3 was treated with 50.00 mL of 0.225 mol L^-1 HCl(aq). The resulting solution required 13.73 mL of 0.176 mol L^-1 NaOH(aq) to neutralize the excess, unreacted HCl. What was the percentage by mass..

Reviews

Write a Review

Electrical Engineering Questions & Answers

  Calculate electric scalar potential of same line of charge

Write a Matlab program to calculate the electric field due to a line of charge of length 1m. a) Describe the line of charge as a collection of point charges centered on the z-axis. Calculate the electric scalar potential of that same line of charge.

  Why circuit is necessary to interface in sensor n microchip

The design of a home security system requires the use of sensors, including a sensor to measure carbon dioxide levels. Your search resulted in one sensor that provides an output range of [-2V, 1V].

  What do think the average value will be for the waveform

1. For a triangular waveform, with a peak amplitude of 2V, a width of 10ms, and a period of 10 ms a. Draw the waveform. b. What do you think the average value will be for this waveform. c. Determine the average value - was it wh..

  What was the bullets speed with frictionless block

A 1.12 kg block is attached to a horizontal spring with spring constant 3500 N/m. The block is at rest on a frictionless surface. A 10 g bullet is fired into the block, in the face opposite the spring, and sticks.

  Define knowledge about circuit analysis

Knowledge about Circuit Analysis, A 5.1K resistor is connected between the cathode of a 6.2V zener diode and a 12V power supply

  Find exponential fourier series coeffecients of functions

Determine the periods and find exponential fourier series coeffecients of functions. A.) f(t) = 2(cost)(cos2t) B.) g(t) = 3 + 2e^-j2t + 2e^j2t + 2cos4t C.) h(t) = 4

  Design a circuit to give uninterrupted 5 v dc power supply

Design a circuit to give uninterrupted 5 V dc power supply with 110 V 60 Hz line voltage as input. The dc output should be available in case of power outage (110 V line supply). In case of line failure, the circuit should switch to backup source t..

  Explain what change in the sound do expect to hear

if you use the sinusoidal waveform to drive the speaker: What change in the sound do you expect to hear when you increase the amplitude of the sinusoidal signal on the function generator

  What is coefficient of static friction between two blocks

The two blocks in the figureoscillate on a frictionless surface with a period of 1.7 s. The upper block just begins to slip when the amplitude is increased to 32cm. What is the coefficient of static friction between the two blocks

  Determine the efficiency of a high frequency induction

determine the efficiency of a high frequency induction furnace which takes 10 minutes to melt 1.815 kg of aluminium the input of the furnace being 5 KW and the initial temperature 15 deg.

  What interest rate are making on the retirement money

An insurance company has made you the following retirement offer. If you pay them $100,000 now, you will receive payments of $8000 a year for 10 years. After this they will pay you $9000 a year in perpetuity (for ever).

  Determine the rated primary and secondary currents

A single phase transformer has the following rating: 120 kVA, 2000 V/100 V, 60 Hz with 1000 primary turns. Determine: (a) the secondary turns (b) the rated primary and secondary currents (c) the maximum flux

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