Question: . PLs help mee Show workings for all questions Question 1 (1 Mark) You lend a friend $11,000, for which your friend will repay you

. PLs help mee Show workings for all questions Question 1 (1 .

PLs help mee

Show workings for all questions Question 1 (1 Mark) You lend a friend $11,000, for which your friend will repay you $28,904at the end of 5 years. What interest rate are you charging your friend? Answer Question 2 (2 Marks) Ahmad, age 10, wants to be able to buy a really cool new car when he turns 16. His really cool car costs $18,000 today, and its cost is expected to increase 4 percent annually. Ahmad wants to make one deposit today into an account paying 8 percent annually in order to buy his car in 6 years. How much will Ahmad's car cost, and how much does Ahmad have to save today in order to buy this car at age 16

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

A gear manufacturer is planning next weeks production run for four types of gears. If necessary, it is possible to outsource any type of gear from another gear company located nearby. The following...

MBF 3C1 Lesson 8 Assignment In this assignment you are going to explore the characteristics of simple interest. Total marks: 26 marks Part A: Finding the Answer: Answer the questions in the space...

Fact Pattern I - (15 marks) Anderson owns a corner store in Kingston, Ontario. Now that corner stores have been allowed to sell beer and wine in Ontario, Anderson wants to promote his store's ability...

only question 2.. plz help me.. im offering all my credits. i swear... Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3...

Need Urgent Help with Question 3 and Question 9 of the attached document - Question 3 needs only ~400 words (also attaching an article which might be needed to answer question-3) My word count for...

Question 1 , Question 2 and Question 5 part (ii) thanks alot Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3 INTERNAL SUBJECT...

Question 1 (40 marks) Refer to Figure 1. Write the Excel formula for each cell marked with "?? in column C. and label each formula clearly with cell reference position. TUV Investment Company manages...

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

Please help with questions on page 14 assignment 01 - urgently need help tonight DSC2604/101/3/2016 Tutorial letter 101/3/2016 Financial Modelling DSC2604 Semesters 1 & 2 Department of Decision...

Need help with the 70 multiple choice questions for final exam - if you can, please provide explanation for harder questions. A s ae o . s h r d n. . Surname: ______________________ Q1 Given names:...

The effect of the shapes of input distributions on the distribution of an output can depend on the output function. For this problem, assume there are 10 input variables. The goal is to compare the...

Consider the merry-go-round of Practice Problem 8.1. The child is initially standing on the ground when the merry-go-round is rotating at 0.75 rev/s. The child then steps on the merry-go-round. How...

A property listed for $ 4 3 5 , 0 0 0 sold for 8 0 % of the listed price. The seller had a mortgage balance of $ 1 8 9 , 2 5 4 on the first mortgage and a balance of $ 8 , 5 4 2 on a home equity...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...