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Need all 5 q's answer asap please :) Thanks so much! Qumatlan 1 Nowed Marted wall 100 1 g ques You have just passed ACST
Need all 5 q's answer asap please :) Thanks so much!
Qumatlan 1 Nowed Marted wall 100 1 g ques You have just passed ACST 1001 and started a summer internship at Harrison Bark, with Feter as your supervisor. As your first task, Peter has given you some client accounts and asked you to verity some of the details The first file is for a client named Mary, who has a mortgage with the bank. You go through the file and nata the following information for Vary's martoace Initinlar $0.30 000 Term of low: 25 years Repayment frequency: End of each fortnight Interest rate on loan: 12 =33% Using this information, determine the following: What is the periodicity needed given the above information Ca Fortnightly, since the resuments are fortnightly b. Monthly, since the 3.3% la a nominal annual rate compounding monthly c. Daly, since there are exactly 365 days in a year fignaring leap years) od Yearly since the term of the loan is measured in years The interest rate for Mary's laeni -3.3%. Calculate the effective monthly rate. Give your answer as a percentage to decimal places, and do NOT include a percentage sign. Gestion 2 Norwaard Harted at al Answer: que Calculate the effective fortnightly rate. Give your answer as a percentage to 4 decimal places, and do NOT include a percentage sign Question 3 Norway Hurked at al 10. Answer: : qua Qualian 4 Calculate the sze of each of Mary's repayments using the information given above. Give your answer to the nearest cent, and do NOT include a dolar sign. Now! Answer: 103 10- 7 Fly questa Quetian 6 Now and Marked out 10: 1 quello The second fic is for a client namec Toomes, who also has a mortgage with the bank. The details you can gather for Toomes' Ioan are as follows: . Current loan outstanding: 3540,000 Current monthly repayment: 33120 Nest repayment: Due exactly 1 month fram nam Interest rate on loan: 11 -5.754 Using this information, determine the following: How much interest is Toomes charged for the coming mantiv Do NOT include a dollar sign in yourStep by Step Solution
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