Problem #2: A mortgage is being paid with level monthly payments, which pay off the interest for that month, and provide some repayment of the principal. If the principal repayment in two successive months is $2800.00 and $2814.37, what is the nominal annual interest rate?

Q: where  is the excel sheet ,so i can see how you get  the answer.  I want to see the workings  please

A: Excel Workings are provided in the solution in the form of Excel snip. One can use the formula…

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Q: For the second question, were you able to show how that problem would be worked out?

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Q: will you please show solution without excel step by step

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Q: an you show how to do both steps by hand?

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A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: Could you please explain the process by which you got these answers? I am trying to learn how to do…

A: Workings: Preparation of schedule of expected cash collections:

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Q: I need to see the work on this for it to make sense to me, can you show your work please? (The…

A: Monthly Payment = $900 Interest rate = 6% Loan term = 30 years Compounding time = 12 (12 times in a…

Q: how do you calculate this question with excel formulas

A: Information Provided: Withdraw amount = $10,000 Interest rate = 6% Years for withdraw $10,000 = 5…

Q: please display your formula used in your work

A: Monthly payment refers to the payment amount for the loan grounded on the constant payments as well…

Q: Can you show steps on how you got the answers?

A: Workings:

Q: the answer is still wrong please redo calculate to come with the right answer

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Q: 7. The ultimate control of the corporation rests with the board of directors.

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Q: I need to see the equation used to calculate this for it to make sense to me. Can you please show…

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Q: Can you solve using excel and explain the formulas more in depth?

A: Here,Market Cap is 300 billion pesoNext Year FCF is 9.6 billion pesoGrowth Rate is 8.60%

Q: can you show formulas used to solve this problem?

A: The concept of the time value of money determines that the worth of money gets depreciated over a…

Q: you!

A: The original question deals with preparation of amortisation schedule.

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Q: Write the note on JIT technique, what is the full form of JIT?

A:

Q: Could you provide the formulas for each of the bold answers?

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Q: b) Given an annual effective rate of i = 5%, find i(12). %3D

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Q: Can you please do this problem using an equation.

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Q: Part 1 is incorrect. Could you try the problem ag

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Q: AN I SEE THE MANUAL WORKING OF THE PROBLEM

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Q: PLEASE EXPLAIN EACH POINT STEP BY STEP

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Q: n i have the answers for all in formula steps not excel please. Kind of hard to under

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Q: Draw out a trial balance using the above trasnsactions . Thank you

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Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.