After two years in business, the owners have saved (have a surplus of) {H}. They must decide if they will invest in prop
Posted: Tue Jan 18, 2022 1:01 pm
After two years in business, the owners have saved (have a surplus of) {H}. They must decide if they will invest in property or investment bonds.
If they invest in a property and a vehicle, the total cost will be {I}, of which {H} will be required as a down payment. The fixed interest rate on the mortgaged amount is {J} compounded {F} for a term of {K} years.
5. What is the size of the semi-annual payments required to settle this mortgage?
6. What is the size of the final payment?
7. How long would it take (in months) to settle this loan with regular monthly payments of exactly $2000 instead of the PMT value calculated in Part 5?
STUDENT ID (last 6 digits only) 237264 Assignment #3: Learning O 2 3 FORMULA LIST (A) 4 5 6 7 D) 9 10 DATA LIST Cost of Goods Sold Equipment Renovations Other Financing Interest rate Compounding periods per year (CY) Length of amortization (years) Savings/Surplus Property and vehicle cost Mortgage rate Term of mortgage Bond face value Time until maturity Bond rate (G) 232&SSSSSSSSS 71 $37,000.00 $7,260.00 $2,000.00 $2,510.00 5.55% semi-annually 6 $46,250.00 $166,500.00 4.4% 9 $50,875.00 5 2.4% 12 13 14 15 {K) {L) {M) {N) 16 17 10 DORT RIM
If they invest in a property and a vehicle, the total cost will be {I}, of which {H} will be required as a down payment. The fixed interest rate on the mortgaged amount is {J} compounded {F} for a term of {K} years.
5. What is the size of the semi-annual payments required to settle this mortgage?
6. What is the size of the final payment?
7. How long would it take (in months) to settle this loan with regular monthly payments of exactly $2000 instead of the PMT value calculated in Part 5?
STUDENT ID (last 6 digits only) 237264 Assignment #3: Learning O 2 3 FORMULA LIST (A) 4 5 6 7 D) 9 10 DATA LIST Cost of Goods Sold Equipment Renovations Other Financing Interest rate Compounding periods per year (CY) Length of amortization (years) Savings/Surplus Property and vehicle cost Mortgage rate Term of mortgage Bond face value Time until maturity Bond rate (G) 232&SSSSSSSSS 71 $37,000.00 $7,260.00 $2,000.00 $2,510.00 5.55% semi-annually 6 $46,250.00 $166,500.00 4.4% 9 $50,875.00 5 2.4% 12 13 14 15 {K) {L) {M) {N) 16 17 10 DORT RIM