FINANCIAL MATH (1 Viewer)

[stressedadfff]

hey guys could anyone help me with b i the answer is $1572.21

 

[stressedadfff]

also the following d and e pls

 

[5uckerberg]

hey guys could anyone help me with b i the answer is $1572.21View attachment 31718

The loan is repaid at the end of the year, already something is happening that is Note that the first term is the final repayment and as such does not get compounded. However, the first investment can be calculated from because you made that repayment 4 years ago. Calculate that to get the value of the first instalment.
ii and iii follow on that. iv is turning the loan amount into a compound interest rate - annual repayment in a sum of a geometric series. The compound interest rate comes from investing or depositing.

The way how a student would approach this question would be to think of the bank getting their superannuation which is something that is covered in the previous exercise at the end of the year after investing the loan to the client.

 

[5uckerberg]

also the following d and e pls
View attachment 31726

d if you have found the amount M then calculate the formula for the geometric series.
e amount in d take away the mortgage divided by 25 to get the simple interest rate per annum.

 

[YourLocalDumbAss]

d if you have found the amount M then calculate the formula for the geometric series.
e amount in d take away the mortgage divided by 25 to get the simple interest rate per annum.

Eddie Woo behind the account?