Please answer only question B, because I sent already A in a separate question. Thank you! a) The following payments are agreed for the purchase of a property at the nominal annual interest rate of 0.8%: - 100,000 euros on 01.01.2022 - 50,000 Euro on 01.07.2022 - 200,000 euros on 01.03.2023 What is the value of these payments on the valuation date 01.01.2022 with 1. linear interest calculation?
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Please answer only question B, because I sent already A in a separate question. Thank you!
a) The following payments are agreed for the purchase of a property at the nominal annual interest rate of 0.8%:
- 100,000 euros on 01.01.2022
- 50,000 Euro on 01.07.2022
- 200,000 euros on 01.03.2023
What is the value of these payments on the valuation date 01.01.2022 with
1. linear interest calculation?
2. monthly interest at the relative interest rate?
3. relative mixed interest?
4. continuous interest calculation?
b) On 01.01.2022, EUR 347,942.42 is paid into an account at 0.8% annual interest. At On which date (day.month.year) in 2022, the year 2022 has 365 days, will the value of the interest rate, does the value of the deposit exceed 350,000 euros for the first time?
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