Question
Note: Please give me this Question Solution within one day because I will submit it I have just 2 days to submit it Subject: Professional
Note: Please give me this Question Solution within one day because I will submit it I have just 2 days to submit it
Subject: Professional Practices
And Solution will be in English and Word file
Q-5 | Determine the quarterly payment necessary to repay a loan of $25,000. The interest is computed at the | |
rate of 12% per year compounded quarterly. Assume the loan is to be repaid in 10 years. How much | ||
interest will be paid over 10 year period? | [05] | |
Q-6 | A student has received $10,000 loan from a bank in order to finance his education. The terms are that | |
the loan must be repaid in full after 10 years. If the simple interest rate is 5% semiannually, find the | ||
total amount that must be repaid after 10 years and the total interest. | [05] |
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