Mathematics, 19.06.2021 07:10 brookemcelhaney
A couple purchased a home and signed a mortgage contract for $400,000 to be paid with half-yearly payments over a 25-year period. The interest rate applicable is j2 = 7.5% p. a. applicable for the first five years, with the condition that the interest rate will be increased by 9% every 5 years for the remaining term of the loan. Based on the given information. your group is required to use Exxcel software to: (a) Calculate the half-yearly payment required for each five-year interval |10 marks (b) Calculate the loan outstanding (outstanding balance) at the beginning of each five year interval. [10 marks| (c) Prepare a loan amortization table for the final 12 half-years of the loan term. |10 marks​
Answers: 2
Mathematics, 21.06.2019 16:30
The temperature of chicken soup is 192.7°f. as it cools, the temperature of the soup decreases 2.3°f per minute. what is the temperature in degrees fahrenheit of the soup after 25 minutes? a. 27.3°f b. 57.5°f c. 135.2°f d. 250.2°f
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Mathematics, 21.06.2019 16:30
Read the following two statements. then use the law of syllogism to draw a conclusion. if the tv is too loud, then it will give me a headache. if i have a headache, then i will have to rest.
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Mathematics, 21.06.2019 23:30
In the diagram, ab is tangent to c, ab = 4 inches, and ad = 2 inches. find the radius of the circle.
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A couple purchased a home and signed a mortgage contract for $400,000 to be paid with half-yearly pa...
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