Depreciation and Value

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Task 1 i. After knee surgery, your trainer tells you to return to your jogging program slowly. He suggests jogging for 12 minute each day for the first week. Each week thereafter, he suggests that you increase that time by 6 minutes per day. How many weeks will it be before you are up to jogging 60 minutes per day? Solution: (12, 18, 24, 30…… 60) T1 = 12, T2 = 18, T3=24, T4 = 30, Tn = 60 T2 – T1 = T3 – T2 18 – 12 = 24 – 18 6 = 6 This above is arithemetic sequence. Common difference (d) = 6 First term (a) = 12 Tn = a + (n – 1) d 60 = 12 + (n – 1) 6 60 = 12 + 6n – 6 60 = 6n + 6 n = 9 *The week that I can jog 60 minutes in a day is ninth weeks. Therefore, it would be eight weeks before I am up to…show more content…
The cash price of a condominium is RM 204 600. It can be purchased through an installment plan by making a down payment of 10% followed by 360 equal monthly payments. The interest charged is 6.8% compounded monthly. Find the monthly payment. Solution: Cash price = RM204 600 n = 360 Down payment = 10% × 204 600 = RM20 460 Present value = 204 600 – 20 460 = 184 140 Interest rate per interest period = 6.8%12 = 0.00567 Present value A = R [1-(1+i)-n i] 184 140 = R [1-1+0.00567-3600.00567] 184 140 = R [1-1.00567-3600.00567] 184 140 = R [1-0.130620.00567] 184 140 = R[0.8693763480.00567] 153.33R = 184 140 R = 184 140153.33 = RM1200.94 Task 4 i. How to Calculate a Discount on a promissory Note. Explain with example. A promissory is a written promise made by one person or party to repay a loan or debt on a specified future dare to another person or party. That is two types of promissory notes, interest bearing notes and non-interest bearing notes. Bank discount: D = sdt Where, D = Bank discount S = Amount of maturity value d = discount rate t =
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