5. (п) Write down a formula for the outstanding principal P, after k payments, of a debt A lwing nmortized by equal payments R over n equal periods with an interest rate i per conversion period. A debt of E8000 with interest at 12% compounded semi- (b) annually is to be amortizel by equal semiannal payments R over the next four ycars. Find (i) R. the payment rounded up to the nearest curo, and (ii) the concluding payment X (assuming equal payments of Ra are made for all but the final payment). A EGO00 loan is to be repnid at the end of 2.5 years. Interest (c) charged is 10% compounded quarterly. The debtor establishes a sinking fund thuat carns 8% interest compounded quarterly. Find cach of the following: (i) The interest payment on the debt for cach 3 month interval. (ii) The amount in the sinking fund at the end of the fifth period. (iii) The sinking fund interest income for the sixth payment pe- riod. (iv) The total cost to the debtor at the end of every 3 months.
5. (п) Write down a formula for the outstanding principal P, after k payments, of a debt A lwing nmortized by equal payments R over n equal periods with an interest rate i per conversion period. A debt of E8000 with interest at 12% compounded semi- (b) annually is to be amortizel by equal semiannal payments R over the next four ycars. Find (i) R. the payment rounded up to the nearest curo, and (ii) the concluding payment X (assuming equal payments of Ra are made for all but the final payment). A EGO00 loan is to be repnid at the end of 2.5 years. Interest (c) charged is 10% compounded quarterly. The debtor establishes a sinking fund thuat carns 8% interest compounded quarterly. Find cach of the following: (i) The interest payment on the debt for cach 3 month interval. (ii) The amount in the sinking fund at the end of the fifth period. (iii) The sinking fund interest income for the sixth payment pe- riod. (iv) The total cost to the debtor at the end of every 3 months.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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