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  3. please answer questions 4 5 and 6 thank you very...

Question: please answer questions 4 5 and 6 thank you very...

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Name: L 4. What is the size of end-of-month monthly deposits which will accumulate to $122,200 after six years if interest is 5.7% compounded monthly? (2 marks) A $5,000 loan requires payments at the end of each quarter for five years. If the interest rate on the loan is 8% pa. compounded quarterly, calculate the size of each payment. (2 marks) 5. 6. The Whytes bought an retail property valued at $125,000 by paying 25% down and mortgaging the balance over 21.5 years through equal payments a the end of each quarter at 8.6% compounded quarterly. What was the size of the quarterly payments? (3 marks)
Please answer questions #4, 5 and 6. Thank you very much.
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