C) A homebuyer approached the bank for a home loan of RO 87,000. The bank has approved the loan application for a 30-year fixed-rate loan at 7% annual interest. If the client makes a 25 % down payment, calculate; what is the monthly payment? How much will be total payment?

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
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77- Please I want solution of all sub-part questions. Thanks

C) A homebuyer approached the bank for a home loan of RO 87,000. The bank has
approved the loan application for a 30-year fixed-rate loan at 7% annual interest. If the
client makes a 25 % down payment, calculate; what is the monthly payment? How much
will be total payment?
D) Write short note with one word or one sentence for the following - Insurance, Life
Insurance, Property Insurance, Motor Insurance, Policy, Premium, Face Value, Subair has
approached the insurance company, for an insurance policy with the face value of
$125,000 for 10 years. He is aged 20 years now. You are required to calculate the annual
premium, considering; (a) a 10-year fixed rate policy and (b) a straight life policy.
Transcribed Image Text:C) A homebuyer approached the bank for a home loan of RO 87,000. The bank has approved the loan application for a 30-year fixed-rate loan at 7% annual interest. If the client makes a 25 % down payment, calculate; what is the monthly payment? How much will be total payment? D) Write short note with one word or one sentence for the following - Insurance, Life Insurance, Property Insurance, Motor Insurance, Policy, Premium, Face Value, Subair has approached the insurance company, for an insurance policy with the face value of $125,000 for 10 years. He is aged 20 years now. You are required to calculate the annual premium, considering; (a) a 10-year fixed rate policy and (b) a straight life policy.
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