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Your bank has a loan outstanding with a current balance of $1,000,000 that is payable in quarterly equal instalments of $49,924. This loan has another 6 years to maturity. The borrower has run into financial problems and has requested a reduction of the quarterly instalments to $40,000. The cost of money to the bank is 6% (with quarterly compounding). Estimate the loss to the bank if it agrees to restructure the loan as requested by the client.
ANSWER:
rewrite the problem so that the divisor is a whole number...8.5/2.3
Dinesh bought an article for Rs. 374, which included a discount of 15% on the marked price and a sales tax of 10% on the reduced price. Find the marked price of the article.
Additional Rule- Rules of Probability Additional rule is used to calculate the probability of two or more mutually exclusive events. In such circumstances the probability of t
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Example Suppose the demand and cost functions are given by Q = 21 - 0.1P and C = 200 + 10Q Where, Q - Quantity sold
Objectives After studying this unit, you should be able to explain how mathematics is useful in our daily lives; explain the way mathematical concepts grow; iden
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If (a,1/a), (b,1/b),(c,1/c),(d,1/d) are four distinct points on a circle of radius 4 units then,abcd is equal to?? Ans) As they are of form (x,1/x) let eq of circle be x
EXPLAIN ME ABOUT ITS FUNCTIONS.
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