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Financial Math questions I want to get a calculation in details for the questions below, thank you ! Problem #6: A lender providing a loan
Financial Math questions I want to get a calculation in details for the questions below, thank you !
Problem #6: A lender providing a loan of $5 million requires semi-annual payment of interest at a nominal rate of 6.8% per year, and repayment of the S5 million principal at the end of 13 years. The borrower plans to accumulate that principal for repayment at the end of 13 years using level semi-annual deposits into a sinking fund that earns interest at a nominal rate of 5.8% per year when compounded semiannually, what is the borrower's total cash outlay every 6 months? Answer correct to 2 decimals Problem #6: 301482.47 Correct Answer: 301482.47 Your Mark: 2/2 Problem #6| Attempt#1 | Attempt #2 | Attempt #3 | Attempt #4 | Attempt#S Your Answer 301482.47 Your Mark 2/2 Problem #7: A financier has made a loan of $13 million. The contract for the loan calls for payment of interest quarterly at a nominal annual rate of 6.5%, until the full principal is repaid in one lump sum at the end of 10 years. After 3 years have gone by, immediately after the quarterly payment, the financier decides to sell the asset to an investor. If the investor values these cash flows with a nominal annual rate of 4.4% when compounded quarterly, what value would the investor consider the remaining loan contract to be worth? Answer in millions of dollars, correct to 3 decimals Correct Answer: 14.637 Your Mark: 2/2 Problem #7: 14.637 14.637 2/2 Your Answer: 15.535 Your MarkStep by Step Solution
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