Question
You need to have a sum of $80,000 for joining a study tour in 5 years. How much you deposit in the bank at the
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You need to have a sum of $80,000 for joining a study tour in 5 years. How much you deposit in the bank at the end of each year at 5% interest to have such sum ready?
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John family is buying a flat amounted to $5,000,000 in Kwun Tong and he will pay $2,000,000 as down payment and pay the remaining by applying a 30-year mortgage loan from a bank. The loan will be fully amortized over the next 30 years with annual interest rate of 3.5%. Interest is compounded monthly and all payments are due at the end of each month. Calculate the monthly mortgage payment?
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
