Financial Math Answers

You recently bought a house with a 10year mortgage loan of TK 125,00,000. The lender charges 12% nominal interest. Mortgage payments are made at the end of each quarter. How much total interest you have to pay (in TK) on this mortgage loan?

Find out the value of an investment that will give you Tk. 60,000 per year forever with a

discount rate of 14% compounded quarterly.

A house which is valued at ksh2600,000 appreciated at rate of 12% per year.

I. What will be its value after two and half years?

Ii. After how long will its value be ksh 4200,000

The sale of the shoe brand has risen exponentially. One particular shoe store has been experiencing a shape increase in sales and has just hired a graduate, Mr. Perry as Manager. The demand for the brand shoes is 150 boxes per month. Each box cost $ 12,000. The annual holding cost rate is 13%. The particular shoe store ordering cost is $4,300 and the store and warehouse are opened 312 days per year. The lead time for each order is a long 20 days since the shoes are coming all the way from England.

1. How many boxes of shoes do you recommend that Mr. Perry orders every time he places an order?
2. Determine the estimated holding cost; and ordering cost.
3. Would it be true to say it takes Mr. Perry almost 55 days between orders? (Justify your answer.)
4. How many orders will Mr. Perry have placed each year?
5. Determine the reorder point.
6. What can Mr. Perry expect his Total Annual cost to be?

Mike Marquez purchased a lawn tractor for Php 9,000. He made a down

payment of Php 1,000 and financed the rest at 7% payable in 24 months. He paid off

the loan at the end of the fifteenth months. Find the amount of his refund using the rule

of 78s.

Mike Marquez purchased a lawn tractor for $9000.He made a down payment of $1000, and financed the rest at 7% in 24 months. He paid off the loan at the end of the fifteenth months. Find the amount of his refund using the rule of 78s?

The present value of obligation of rs.7000 due in small n year at rate if discount of 7% cover table continuasly is rs.5290.46 find the value of n

How much Ione invest if she wants to have P19,640.62 at the end of 2.75 years at a bank that offers 11(1/4)% simple interest

CREATE AN AMORTILIZATION SCHEDULE USING THE FOLLOWING INFORMATION

Present Value: 25,000

Interest: 3% compounded monthly

A. Create an amortilization schedule if the payment should be done every end of the month for 1 year

B. Create an amortilization schedule if the payment should be done every beginning of the month for 1 year

How much Ione invest if she wants to have P19,640.62 at the end of 2.75 years at a bank that offers 11(1/4)% simple interest.