B) Ms. R. agrees with the bank to repay the debt plus interest with annuities in the amount of 15,000 euros at the end of each year. The first payment is to be made on December 31, 2022. How many years does she have to pay the full annuities?
Please answer only question B, because I sent already question A in a separate question on the site. Thanks!
Mrs. R. would like to buy a mobile home. To this end, she takes out a loan of 80,000 euros on 01.01.2021. amount of 80,000 euros. The loan agreement stipulates an annual interest rate of 4.5%.
a) Ms. R. agrees with the bank to repay the debt plus interest in nine equal amounts at the end of each year.
at the end of each year. The first payment is to be made on 31.12.2022.
1. how high is the annuity to be paid at the end of each year from 31.12.2022?
2. indicate the repayment schedule line for the 7th year after the debt is taken on.
3. instead of annuities, Mrs. R. is considering making quarterly payments of the same amount in advance in 2022, 2023, 2024, . . . , 2030 to be made. How high is the quarterly payment?
B) Ms. R. agrees with the bank to repay the debt plus interest with annuities in the amount of 15,000 euros at the end of each year. The first payment is to be made on December 31, 2022. How many years does she have to pay the full annuities?
Step by step
Solved in 2 steps
