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Question 1 options: Mandalorian Bounty Hunters needs to replace their Razor Crest transport. They decide to borrow 220000 from the Jabba Commercial Bank on 08-Nov-2018
Question 1 options: Mandalorian Bounty Hunters needs to replace their Razor Crest transport. They decide to borrow 220000 from the Jabba Commercial Bank on 08-Nov-2018 at 4.5%. They make a payment of 88000 on 19-Dec-2018 and another payment of 77000 on 16-Jan-2019. What is the amount of their final payment on 17-Mar-2019? Use the table to help you make your calculations. Date 09-Dec-2018 Reduce Interest Balance New DBD (4.6%) Payment by Balance 180,000 Interest Payment New DBD 11 1 RB 1 Balance 1 Interest Payment New DBD 22 2 2 RB 2 Balance 2 Interest Final DBD 33 Balance 17-Jan-2019 10-Feb-2019 13-Apr-2019 DBD 1 (1 point) Interest 1 (1 point) Payment 1 (0.5 points) Reduce Balance by (RB 1) (1 point) New Balance 1 (1 point) DBD 2 (1 point) Interest 2 (1 point) Payment 2 (0.5 points) Reduce Balance by (RB 2) (1 point) New Balance 2 (1 point) DBD 3 (1 point) Interest 3 (1 point) Final Payment (2 points) Question 1 options: Mandalorian Bounty Hunters needs to replace their Razor Crest transport. They decide to borrow 220000 from the Jabba Commercial Bank on 08-Nov-2018 at 4.5%. They make a payment of 88000 on 19-Dec-2018 and another payment of 77000 on 16-Jan-2019. What is the amount of their final payment on 17-Mar-2019? Use the table to help you make your calculations. Date 09-Dec-2018 Reduce Interest Balance New DBD (4.6%) Payment by Balance 180,000 Interest Payment New DBD 11 1 RB 1 Balance 1 Interest Payment New DBD 22 2 2 RB 2 Balance 2 Interest Final DBD 33 Balance 17-Jan-2019 10-Feb-2019 13-Apr-2019 DBD 1 (1 point) Interest 1 (1 point) Payment 1 (0.5 points) Reduce Balance by (RB 1) (1 point) New Balance 1 (1 point) DBD 2 (1 point) Interest 2 (1 point) Payment 2 (0.5 points) Reduce Balance by (RB 2) (1 point) New Balance 2 (1 point) DBD 3 (1 point) Interest 3 (1 point) Final Payment (2 points)
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