I NEED HELP PLEASE

Formula sheet I must FOLLOW

There were three types of loans discussed under the topic discounted cash flows. Identify these three types of loans and give a brief explanation and an example of each. (6 marks) Question 8 Aaliya is planning to purchase her first home. She has saved enough money for the downpayment and legal fees and has approached her bank for a loan of $550,000. She plans to repay the loan on a monthly basis over 30 years. Required: (a) If the interest rate on the loan is 6%, calculate Aaliyah's monthly repayment. (6 Marks) (b) Prepare an amortization schedule for the first four (4) months of the loan. (5 Marks) FV=PVx(1+r)tPV=FV/(1+r)tr=(FV/PV)1/t1t=ln(FV/PV)/ln(1+r) Chapter 6 Annuity (ordinary) PVA=C[r1(1+r)t1] FVA=C[r(1+r)t1] Annuity (due) PVAdue=C[r1(1+r)t1](1+r) FVA due =C[r(1+r)t1](1+r) Perpetuity PV=C/r Growing Annuity GAPV=rgC[1((1+r)(1+g))t] Effective Annual Rate EAR=[1+mAPR]m1 Growing Perpetuity GPPV=rgC Annual Percentage Rate APR=m[(1+EAR)1/m1] There were three types of loans discussed under the topic discounted cash flows. Identify these three types of loans and give a brief explanation and an example of each. (6 marks) Question 8 Aaliya is planning to purchase her first home. She has saved enough money for the downpayment and legal fees and has approached her bank for a loan of $550,000. She plans to repay the loan on a monthly basis over 30 years. Required: (a) If the interest rate on the loan is 6%, calculate Aaliyah's monthly repayment. (6 Marks) (b) Prepare an amortization schedule for the first four (4) months of the loan. (5 Marks) FV=PVx(1+r)tPV=FV/(1+r)tr=(FV/PV)1/t1t=ln(FV/PV)/ln(1+r) Chapter 6 Annuity (ordinary) PVA=C[r1(1+r)t1] FVA=C[r(1+r)t1] Annuity (due) PVAdue=C[r1(1+r)t1](1+r) FVA due =C[r(1+r)t1](1+r) Perpetuity PV=C/r Growing Annuity GAPV=rgC[1((1+r)(1+g))t] Effective Annual Rate EAR=[1+mAPR]m1 Growing Perpetuity GPPV=rgC Annual Percentage Rate APR=m[(1+EAR)1/m1]