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Answer:
1. Calculate the monthly payment for a 30-year mortgage loan.
we can do this by using the present value of an annuity formula
the loan's interest rate is missing, so I looked for a similar question and found that it is 6%
present value = monthly payment x annuity factor
monthly payment = present value / annuity factor
- present value = $200,000 (loan's principal)
- PV annuity factor, 0.5%, 360 periods = 166.79161
monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>
2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.
total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>
Answer:
$4877.80
Explanation:
The computation of amount of the deposit at the end of year 3 is shown below:-
Future value = Present value × (1 + Rate of interest ÷ 100)^number of years
$20,000 = 10,000 × (1 + 5 ÷ 100)^7 + Deposit at end of year 3 × (1 + 5 ÷ 100)^4
$20,000 = 10,000 × (1.05)^7 + Deposit at end of year 3 × (1.05)^4
$20,000 = 14071.00423 + Deposit at end of year 3 × (1.05)^4
Deposit at end of year 3 = ($20,000 - 14071.00423
) ÷ (1.05)^4
= $5928.995773 ÷ 1.21550625
= $4877.799496
or
= $4,877.80
We simply applied the above formula to find out the amount of deposit at the year 3 end
Answer:
The bond's real return for the year was 5.49%
Explanation:
In order to calculate the bond's real return for the year we would have to calculate the following formula:
bond's real return for the year=(1+Nominal rate of return)/(1+Inflation) -1
According to the given data Inflation=2.2 percent
To calculate the Nominal rate of return we would have to calculate the following:
Nominal rate of return=(Selling price + Interest coupon - Purchase price)/Purchase price
According to the given data:
Selling price=$976.26
Interest coupon=$43
Purchase price=$945.46
Therefore, Nominal rate of return=($976.26 + $43 - $945.46)/ $945.46
Nominal rate of return=7.81%
Therefore, bond's real return for the year= (1+7.81%)/(1+2.2%) -1
bond's real return for the year=5.49%
The bond's real return for the year was 5.49%
Answer:
Explanation:
Vấn đề sử dụng nước sạch ở trường đại học, thực trạng và giải pháp