Financial Math Answers

Round the answer to this question to the nearest rand. David borrowed R911 012,00 to refurbish his holiday

home. The loan requires monthly repayments over 12 years. When he borrowed the money, the interest rate

was 12,4% per annum, compounded monthly, but five years later the bank increased the annual interest rate

to 13,9%, in line with market rates. After five years the present value of the loan is R682 081,77. With the

new interest rate, his monthly payments will increase by

[1] R12 745,00

[2] R7 705,00

[3] R3 649,00

[4] R558,00

Heather deposited $100 at the end of every month into an RRSP for 5 years. The interest rate earned was 5% compounded daily. What was the accumulated value of the RRSP at the end of the 5 years? Round to the nearest cent.

Gary Rosenberg has a personal injury protection policy that covers each person in , on, around, or under his car for medical expenses as a result of an accident. Each person can collect up yo 50,000 Craig is jnvolved in an accident and three people are hurt 500 worth of medical expenses, and Craig himself had a medical expense totaling 70?000 how much money must the insurance company pay out for these three people

To save money for a new house, you want to begin contributing money to a savings account. Your plan

is to make equal contributions to the account for eight years. Each contribution will be R18 490,00. The

contributions will come at the end of every three month period, starting three months from now. The savings

account pays 9% interest per annum, compounded quarterly. How much money do you expect to have in

the account at the end of the eight years

Mabel borrowed an amount of money from her father. The loan will be paid back by means of payments of R25 000 each every second month for six years. An interest rate of 7,5% per year, compounded every two months, will be applicable. The amount of the loan is

Mabel borrowed an amount of money from her father. The loan will be paid back by means of payments of R25 000 each every second month for six years. An interest rate of 7,5% per year, compounded every two months, will be applicable. The amount of the loan is

Mark-up of Php 585.00 is рlaced on a branded tennis shoes and 12% rate. Find the original price.

1. A debt of $6479.22 is due June 1,2021.what is the value of the obligation on march 1,2016, if money is worth 2% compounded semi-annually?

the value of the obligation is $ ?

(round to the nearest cent as needed . Round all intermediate values to six decimal places as needed)

Mabel borrowed an amount of money from her father.The loan will be paid back by means of R25000 each every second month for six years,an interest of 7,5% per year,compounded every two months,will be applicable,The amount of loan is

Round the answer to this question to the nearest rand. David borrowed R911012,00

R911012,00 to refurbish his holiday home. The loan requires monthly repayments over 12 years. When he borrowed the money, the interest rate was 12,4% per annum, compounded monthly, but five years later the bank increased the annual interest rate to 13,9%, in line with market rates. After five years the present value of the loan is R682081,77

R682081,77. With the new interest rate, his monthly payments will increase by