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QUESTION 2 Liza borrow RM450,000 from a bank to buy a house for 5 years financing. Develop an amortization table for 6 years if the
QUESTION 2
- Liza borrow RM450,000 from a bank to buy a house for 5 years financing. Develop an amortization table for 6 years if the interest rate is 5 percent per annum. You may answer this question by excel.
- Currently Ahmad has deposited RM4,000 every month in accounts at 12 percent interest rate compounding monthly. He wants his amount in his account to be as RM50,000 after n years. How long he has to deposit to has with that amount?
- How much is the interest rate growth if RM10,000 today would be accumulated to RM70,000 after 30 years?
- Wendy has RM5,000 invested in a bank that pays 3.8% annually. How long will it take for her funds to triple?
- Ali wants to buy car RM100,000 in 5 years from now. He shall invests every quarter for 12%, How much he should invest for every quarter?
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Authors: Braun Schweiger
1st Edition
1493700391, 978-1493700394
