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A investor's price for a commercial plaza suit was $150000 Ramin, the buyers of the rental unit, financed the money by making equal payments at the end of every six months for 25 years. Interest is 4.8% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much Ramin still. owe after 16 years? ( Money up to 2 d.p. ) PV = I/Y = C/Y = i = n= PMT = For loan balnace after 16 years :- n = Loan Balance =

A investor's price for a commercial plaza suit was $150000 Ramin, the buyers of the rental unit, financed the money by making equal payments at the end of every six months for 25 years. Interest is 4.8% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much Ramin still. owe after 16 years? ( Money up to 2 d.p. ) PV = I/Y = C/Y = i = n= PMT = For loan balnace after 16 years :- n = Loan Balance =

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A investor's price for a commercial plaza suit was $150000 Ramin, the buyers of the rental unit, financed the money by making equal payments at the end of every six months for 25 years. Interest is 4.8% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much Ramin still. owe after 16 years? ( Money up to 2 d.p. ) PV = I/Y = C/Y = i = n= PMT = For loan balnace after 16 years :- n = Loan Balance = 1 3 4
Transcribed Image Text:A investor's price for a commercial plaza suit was $150000 Ramin, the buyers of the rental unit, financed the money by making equal payments at the end of every six months for 25 years. Interest is 4.8% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much Ramin still. owe after 16 years? ( Money up to 2 d.p. ) PV = I/Y = C/Y = i = n= PMT = For loan balnace after 16 years :- n = Loan Balance = 1 3 4
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