HC6Q 2) Mr. Hamid bought a new home in Wave Muscat for OMR 65000. If he puts OMR 5000 as down payment.Bank Dhofar is ready to finance at rate of 8.00% for 20 years.Amortization Table (Partial- Mortgage principal and interest per 1000)Termsin years 5.50%10121517206.50%11.3610.028.727.00%11.6210.298.998.40767.50%11.888.00%8.50%12.406.00%9.00%10.869.518.1811.119.768.4412. 1410.839.568.998.3712.6711.3910.159.599.0010.569.2811.119.857.566.887.847.178.127.468.698.069.298.68i) The mortgage is OMR.I) The monthly payment for Mr. Hamid is OMR .II) Total cost of interest for Mr. Hamid is OMR.iv) Balance of payment at the end of 1st month payment is OMR.

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HC6Q 2) Mr. Hamid bought a new home in Wave Muscat for OMR 65000. If he puts OMR 5000 as down payment. Bank Dhofar is ready to finance at rate of 8.00 % for 20 years. Amortization Table (Partial- Mortgage principal and interest per 1000) Terms 9.00% 12.67 11.39 10.15 9.59 9.00 6.00% in years 10 12 15 17 20 5.50% 10.86 9.51 8.18 7.56 6.88 6.50% 11.11 11.36 9.76 10.02 8.44 7.00% 11.62 10.29 8.99 8.40 7.76 7.50% 11.88 10.56 9.28 8.69 8.06 8.00% 12. 14 10.83 9.56 8.99 8.37 8.50% 12.40 11.11 8.72 9.85 9.29 8.68 7.84 8.12 7.17 7.46 ) The mortgage is OMR. I) The monthly payment for Mr. Hamid is OMR.. I) Total cost of interest for Mr. Hamid is OMR . iv) Balance of payment at the end of 1" month payment is OMR.

HC6Q 2) Mr. Hamid bought a new home in Wave Muscat for OMR 65000. If he puts OMR 5000 as down payment. Bank Dhofar is ready to finance at rate of 8.00 % for 20 years. Amortization Table (Partial- Mortgage principal and interest per 1000) Terms 9.00% 12.67 11.39 10.15 9.59 9.00 6.00% in years 10 12 15 17 20 5.50% 10.86 9.51 8.18 7.56 6.88 6.50% 11.11 11.36 9.76 10.02 8.44 7.00% 11.62 10.29 8.99 8.40 7.76 7.50% 11.88 10.56 9.28 8.69 8.06 8.00% 12. 14 10.83 9.56 8.99 8.37 8.50% 12.40 11.11 8.72 9.85 9.29 8.68 7.84 8.12 7.17 7.46 ) The mortgage is OMR. I) The monthly payment for Mr. Hamid is OMR.. I) Total cost of interest for Mr. Hamid is OMR . iv) Balance of payment at the end of 1" month payment is OMR.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

HC6Q 2) Mr. Hamid bought a new home in Wave Muscat for OMR 65000. If he puts OMR 5000 as down payment.
Bank Dhofar is ready to finance at rate of 8.00% for 20 years.
Amortization Table (Partial- Mortgage principal and interest per 1000)
Terms
in years 5.50%
10
12
15
17
20
6.50%
11.36
10.02
8.72
7.00%
11.62
10.29
8.99
8.40
76
7.50%
11.88
8.00%
8.50%
12.40
6.00%
9.00%
10.86
9.51
8.18
11.11
9.76
8.44
12. 14
10.83
9.56
8.99
8.37
12.67
11.39
10.15
9.59
9.00
10.56
9.28
11.11
9.85
7.56
6.88
7.84
7.17
8.12
7.46
8.69
8.06
9.29
8.68
i) The mortgage is OMR.
I) The monthly payment for Mr. Hamid is OMR .
II) Total cost of interest for Mr. Hamid is OMR.
iv) Balance of payment at the end of 1st month payment is OMR.

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