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assuming i=3.14 please answer (a)(b)(c) step by step! 2011 200 4. In this question, the interest rate is determined by your student ID. The last
assuming i=3.14
please answer (a)(b)(c) step by step!
2011 200 4. In this question, the interest rate is determined by your student ID. The last three 1 non-zero digits of your student ID is the interest rate in basis points (a basis point is 0.01%). For example, if your student ID is 201475722, 20. ID is 201318061, then i = 8.61%. 1 rate at = 1987 2012076 2012 20111 2011 201 question. Write down your student ID and 1198702 2011 interest 1198765 then take 1:22%; if y at the 1198765 of 2017 qua) 201199765 20119876 2011(a) LEEDS08765, 20119876 (4 man8765 2011987639 2010 2011987 A mortgages 20119870 2011987 your 1198765 of 16008765 201198763 20 nswer for this is ren28765 lover r 20 ves 2017 momo11987 by 201198 monthly payments in arrears. Compute the monthly payment. 201 (5) LEEDS1515 (4 marks) Five years after taking out the mortgage 98765 holder decides to borrow an additional 30,000 for renovation. Compute the re- the mortgage 31 vised monthly payment, under the assumption that the mortgage period does . LEEDS1515 (6 marks) Suppose that in the situation of part (6), the mortgage 376 holder does not want to change the monthly payment. It will now take longer to 875 Assuming that the final payment is a drop payment, compute the final payment and 876 2011987 the revised mortgage term counting from the time that the additional 2011081 change. 1 pornon 2011(c) 2011987 20119870 20119870'epay the loan. 20119874 7071987 Dorrowed). 19676520119870 07198765 2011987 198765 2011967 od 98763 6201198763 2011987 S201198702 20119870 201198762 201198 0119870.20 pe 87 2011987 201198763 2010087 7798765 2765 20119381 201198 20119870 2011987 20119870 02798765 201198,400,000 is 876 7198765 20119870 70 1987Step by Step Solution
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