Question: please do problem set 3 equal amount at the end of every month in 8 years. Assume the loan's annual interest rate is 12 %.
please do problem set 3
equal amount at the end of every month in 8 years. Assume the loan's annual interest rate is 12 %. Please calculate the repayment amount each month. Problem 3. A person invested 10,000 at the beginning of 2013. Please calcula2016 and the accumulated value at the end of 2016. 2013 2014 Combined rate Year yield rate r+3 2 2013 7.30 2013 7.20 2014 | 7.50 | 7.53 | 14 2015 8.00 796 7.90 2016 7.50 7.49 2017 7.30 Problem 4. Someone has a loan of 3,000 yuan, the actual annual interest rate is 12 %. He nlans to reply 1000 yuan at the end of the 1st year, 2000 yuan at the end of the 5th equal amount at the end of every month in 8 years. Assume the loan's annual interest rate is 12 %. Please calculate the repayment amount each month. Problem 3. A person invested 10,000 at the beginning of 2013. Please calcula2016 and the accumulated value at the end of 2016. 2013 2014 Combined rate Year yield rate r+3 2 2013 7.30 2013 7.20 2014 | 7.50 | 7.53 | 14 2015 8.00 796 7.90 2016 7.50 7.49 2017 7.30 Problem 4. Someone has a loan of 3,000 yuan, the actual annual interest rate is 12 %. He nlans to reply 1000 yuan at the end of the 1st year, 2000 yuan at the end of the 5th
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