can i have in a written form with the formula , Thanks How much will you pay to buy an asset today that will pay you $10
Posted: Mon Nov 15, 2021 5:05 pm
can i have in a written form with the formula , Thanks
How much will you pay to buy an asset today that will pay you
$10,000 every month, with the first payment beginning nine months
from now and the last payment exactly 3 years from now? The account
pays 1% interest every month. Show supporting calculations.
Richard has just purchased an apartment at a price of $9
million. He made a downpayment of $4 million and financed the
remaining balance with a 20-year mortgage at 6% per annum,
compounded monthly.
(i) Determine the size of the fixed month-end payment
Assume the interest rate increases to 8.4% per annum, compounded
monthly immediately after the 44th payment. If Richard decides to
keep the number of remaining payments unchanged, calculate the size
of the new monthly payment.
How much will you pay to buy an asset today that will pay you
$10,000 every month, with the first payment beginning nine months
from now and the last payment exactly 3 years from now? The account
pays 1% interest every month. Show supporting calculations.
Richard has just purchased an apartment at a price of $9
million. He made a downpayment of $4 million and financed the
remaining balance with a 20-year mortgage at 6% per annum,
compounded monthly.
(i) Determine the size of the fixed month-end payment
Assume the interest rate increases to 8.4% per annum, compounded
monthly immediately after the 44th payment. If Richard decides to
keep the number of remaining payments unchanged, calculate the size
of the new monthly payment.