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Banchi Assignment

hj

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Hunde gutema
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59 views1 page

Banchi Assignment

hj

Uploaded by

Hunde gutema
Copyright
© Public Domain
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

6.

if $200000 is depisited in an account at the end of every quarter from the next
10 years. how much will be in account at the time of final deposit if interest 4%
compounded quarterly.
a. find the amount of each payment ?
b. how much interest will be earned on the found?
7. A $40000 home to purchased by paying $5000 in cash and $35000 mortgage for 20
Years at 3.5% compounded monthly
a. find the monthly payment on the mortgage?
b. what will be total amount interst paid?

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