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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.
Justin earned scores of 85, 92, and 95 on his science tests. What does he required to earn on his further science test to have an average (arithmetic mean) of 93%? To earn an a
a data set has a mean of 3, a median of 4, and a mode of 5.which number must be in the data set-3,4,5?
how to calculate the npv
subtract 20and 10,and then mutiply by 5
Convert each of the following points into the specified coordinate system. (a) (-4, 2 Π /3) into Cartesian coordinates. (b) (-1,-1) into polar coordinates. Solution
What are the properties of Normal distribution? The normal curve is symmetrical when p=q or p≈q The normal curve is a single peaked curve The normal curve is asymptotic t
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Identify the flaw in the following argument which supposedly determines that n 2 is even when n is an even integer. As well name the reasoning: Assume that n 2 is
Estimating the Value of a Series One more application of series is not actually an application of infinite series. It's much more an application of partial sums. Actually, we
The vertices of a ? ABC are A(4, 6), B(1. 5) and C(7, 2). A line is drawn to intersect sides AB and AC at D and E respectively, such that AD/AB = AE/AC = 1/4 .Calculate the ar
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