Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21-22) Khalid borrowed SR 15,000 at 6% and his payments are scheduled as follows: 1 EOY CF 2 -X 3 - 2x 4 -3X 5

image text in transcribed

21-22) Khalid borrowed SR 15,000 at 6% and his payments are scheduled as follows: 1 EOY CF 2 -X 3 - 2x 4 -3X 5 -4X 0 21) Calculate the value of X that the loan is fully repaid. a. SR 3,483.79 b. SR 2,034.6 c. SR 1,890.4 d. SR 1,821.07 22) Assume the payments will be a uniform series from (2,5). a. SR 4,588.60 b. SR 4,441.69 c. SR 5,540,07 d. SR 4,891.1 23) How long does it take approximately for money to triple in value if you earn 5%? 8 Years and 7 months a. b. 9 years. c. 14 years and 3 months d. 22 years and 6 months 24) For the below cash flow, the correct notation to find the present worth at 10% interest rate is: 3 5 6 year CF (SR) 1 5000 2 4000 4 2000 3000 1000 2000 b. 5000 (P/A 10%, 6) - 1000 (P/G 10%, 6) b. 5000 (P/A 10%, 5)- 1000 (P/G 10%, 5) + 2000 (P/F 10%, 6) c. 5000 (P/A 10%, 5) + 2000 (P/A 10%, 5) - 1000 (P/G 10%, 5) d. 5000 (P/A 10%, 6)- 1000 (P/A 10%, 6) +2000 (P/F 10%, 6)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Institutions Management

Authors: Anthony Saunders, Marcia Cornett

8th Edition

ISBN: 0078034809, 978-0078034800

More Books

Students also viewed these Finance questions