A investor's price for a commercial plaza suit was $150000 Ramin, the buyers of the rental unit, financed the money by making equal payments at the end of every six months for 25 years. Interest is 4.8% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much Ramin still. owe after 16 years? ( Money up to 2 d.p. ) PV = I/Y = C/Y = i = n= PMT = For loan balnace after 16 years :- n = Loan Balance =
A investor's price for a commercial plaza suit was $150000 Ramin, the buyers of the rental unit, financed the money by making equal payments at the end of every six months for 25 years. Interest is 4.8% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much Ramin still. owe after 16 years? ( Money up to 2 d.p. ) PV = I/Y = C/Y = i = n= PMT = For loan balnace after 16 years :- n = Loan Balance =
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Transcribed Image Text:A investor's price for a commercial plaza suit was $150000 Ramin, the buyers of the rental unit, financed the money by making equal payments at the end
of every six months for 25 years. Interest is 4.8% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much Ramin still.
owe after 16 years? ( Money up to 2 d.p. )
PV =
I/Y =
C/Y =
i =
n=
PMT =
For loan balnace after 16 years :-
n =
Loan Balance =
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