Q3.If Dalal borrows $10,000 with a 5 percent interest rate to be repaid in five equal payments at the end of the next five years, what would be the amount of each payment?

Answer:

Q4. Jamal and Elham purchased 150 shares of Wildcat's stock at $30 a share. One year later, they sold the stock for $35 a share. They paid a broker a $68 commission when they purchased the stock and a $54 commission when they sold the stock. During the 12-month period the couple owned the stock, Wildcat's paid dividends that totaled $1.75 a share.

a) Calculate the total cash return for this investment.

b) Calculate the total percentage return.

Answer:

Q5.Salman & Eman plan to buy a condominium. They will obtain a $250,000, 30-year mortgage, at 5.33percent. Their annual property taxes are expected to be $1,920. Property insurance is $600 a year, and the condo association fee is $230 a month. Based on these items, determine the total monthly housing payment for Salman & Eman.

Answer: