Question: number 2 3 help me 106 a) Find the values of the house price adjusted to the end of year 2012. (12pts) b) Hence, work

number 2 3 help me

number 2 3 help me 106 a) Find the values of the

106 a) Find the values of the house price adjusted to the end of year 2012. (12pts) b) Hence, work out all the remaining values of nominal price and index number. (9pts) c) If the index number of the real data in 2010 is 97.4 and the nominal price is $101, find the rate of inflation for 2011. (6pts) Fill in the table with all the answers and data given, correct to 1 decimal place. (3pts) Question 2: (25pts) A person wishes to save $10000 at the beginning of 3 years' time and a regular amount at the beginning of each subsequent quarter to buy a car at the end of 3-year period. An account offers a return of 9.6% compounded quarterly. Work out the regular quarterly saving if the total amount saved at the end of 3 years is $62500 (correct to 2 decimal places). Question 3: (25pts) A person borrows $30 000 at the beginning of a year and agrees to repay the loan at the end of each month for the next 24 months. Interest is charged at a rate of 6% per year, compounded monthly. a) What is the amount of each monthly repayment? (10pts) b) Just after the 12th repayment, the debtor would like to pay off the rest of loan by only 2 semi-annual repayment, at the interest rate of 6.4% per year, compounded semi-annually. What is the amount of each new repayment? (15pts)

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