please answer question 6:

5. You take out a long position on Apple shares on March 15th (103.38 per share), and have $5,000 of your own money available to do so. You also take out the maximum loan amount from a 40% margin account. The minimum maintenance requirement is 30%. Calculate the equity remaining in the account on September 15th (115.57) under the assumption of 5% interest on the margin loan. Please tabulate the opening position and the closing position 6. Would you advise investors to buy shares in Apple? (Use the conclusion you have drawn in Question 5 Maximum total amount which can be taken = $5000/0.40 = $12500 So, Loan taken = $12500 - $5000 = $7500 No of shares bought with the total $12500 = $12500/$103.38 per share = 120.91 shares or 120 shares So, 120 shares worth $103.38* 120 =$12405.60 are bought by taking $7405.60 as loan So, equity position in account on March 15th and Sep 15th are shown below Share price Total Value of 120 shares Equity Amount of Loan outstanding with Interest $7405.6 103.38 $12405.60 $5000.00 March 15th Sep 15th 115.57 $13868.4 $7590.74 $6277.66 Loan Outstanding with Interest from Mar 15th to Sep 15th (6 months) =$7405.60*(1+0.05*6/12) = $7590.74