Question
7. Mas Karyo borrows $28,000 with compound interest of 12% per year. Installments are made by amount every year for 4 years, at the end
7. Mas Karyo borrows $28,000 with compound interest of 12% per year. Installments are made by amount every year for 4 years, at the end of each year. How big is it? installments every year? How much interest is paid in year 2? 8. Perhatikan tabel cashflow dibawah ini. Hitunglah nilai C yang menyebabkan nilai tabungan ekivalen dengan nilai penarikan uang, jika bunga majemuk yang diberikan adalah sebesar 6% per tahun. Year Withdrawal Amount 0 -$1.500 1 -$1.200 2 -$900 3 -$600 4 -$300 5 0 6 C 7 2C 8 3C 9 4C 10 5C 9. Five deposits, $15,000, $14,000, $13,000, $12,000, and $12,000, respectively. $11,000 is made on an account that provides compound interest of 7% per Years. Determine the amount of funds in the account after the 5th deposit period 10. Paimin Bin Paijo a 30-year-old Bachelor of Mechanical Engineering, next year his salary will be up to $80,000. Paimin hopes his salary will always rise every year at a rate of a steady increase of 6% per year until he retires at age 60. If Paimin saves money 10% of his salary each year and invests his savings at an interest rate of 8%, How much money will Paimin have when he retires at age 60?
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