Q4. Suppose the repayment loan from a bank is described or modelled as a discrete time...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Q4. Suppose the repayment loan from a bank is described or modelled as a discrete time system as y[n] = (1+R/12)y[n-1] - x[n], where the output y[n] is the balance payment of the loan, input x[n] is the amount of loan payment in the n-th month, R is the annual interest rate, and n is the monthly time index. The initial condition y[0] is the amount of loan that was contracted. Assume that x[n] = C, which is equal amount of monthly payment. (a) Find how much you will have outstanding after the first three months. Assume a loan amount of GHc6,000 was contracted at a monthly payment of GHc200 and interest rate of 12%. (b) Find how long it will take to pay the loan. Write a Matlab script to implement this. Q4. Suppose the repayment loan from a bank is described or modelled as a discrete time system as y[n] = (1+R/12)y[n-1] - x[n], where the output y[n] is the balance payment of the loan, input x[n] is the amount of loan payment in the n-th month, R is the annual interest rate, and n is the monthly time index. The initial condition y[0] is the amount of loan that was contracted. Assume that x[n] = C, which is equal amount of monthly payment. (a) Find how much you will have outstanding after the first three months. Assume a loan amount of GHc6,000 was contracted at a monthly payment of GHc200 and interest rate of 12%. (b) Find how long it will take to pay the loan. Write a Matlab script to implement this.
Expert Answer:
Answer rating: 100% (QA)
a y3 11212y2 200 11y2 200 2y2 200 y2 11212y1 200 11y1 200 2y1 200 y1 11212y0 200 11y0 200 2y0 200 y0 ... View the full answer
Related Book For
Posted Date:
Students also viewed these electrical engineering questions
-
Camille can obtain a residential mortgage loan from a bank at 6.5% compounded semiannually, or from an independent mortgage broker at 6.4% compounded monthly. Which source should she pick if other...
-
Camille can obtain a residential mortgage loan from a bank at 8.75% compounded semiannually or from an independent mortgage broker at 8.6% compounded monthly. Which source should she pick if other...
-
Camille can obtain a residential mortgage loan from a bank at 4.75% compounded semiannually or from an independent mortgage broker at 4.68% compounded monthly. Which source should she pick if other...
-
What is the effect of a viscosity (competence) difference between strain markers and the matrix?
-
Your audit client, The Brant Group, reported total interest expense for the year of $ 2,000. The table below provides the monthly balance of their long- term debt. Interest is paid monthly on the...
-
1. Toula and Ian Miller of Lincoln, Nebraska, recently suffered a fire in their home. The fire, which began in a crawl space at the back of the house, caused $24,000 of damage to the dwelling. The...
-
Label each of the following characteristics of a corporation as either an (A) advantage or a (D) disadvantage: a. Organizational costs b. Continuity of existence c. Capital raising capability d....
-
Consider the following linear program: Max 1A - 2B s.t. -4A + 3B 3 1A - 1B 3 A, B 0 a. Graph the feasible region for the problem. b. Is the feasible region unbounded? Explain. c. Find the optimal...
-
explain how ethical decision-making fits with you and the rest of the organization. (Hint: consider using Ruddell's diagram of the three circles as a starting point.)
-
a. To simplify the analysis, assume for now that there is virtually no turnaround time between flights so the next flight can begin as soon as the current flight ends. (If an immediate next flight is...
-
Debug the given C program to read and print N array elements. Find 10 errors in the given Code and correct the errors. (5Marks) NOTE: Copy and PASTE the correct program in the space below. /*Arrays...
-
Presently, police can frisk a person after a legal stop when there is a safety issue. Do you think the police should be able to frisk all people when legally stopped-- even when there is not an issue...
-
Susan and her spouse have saved $5,500 for a 12-day cruise vacation in Europe. The couple needs $6,500 for a "nice" cabin or $7,000 for a "luxury" cabin. If cabin prices are expected to remain...
-
draw a monomer of DNA , label allparts and the carbon numbers on the sugar (as shown in figure 2.18but the goal is to draw without help ). The way to number the carbons in the sugar is to start...
-
During a regular cleaning cycle for a cylindrical drinking water storage tank (diameter = 70 feet; depth = 12 feet), a technician accidently overdoses the tank with chlorine. The resulting chlorine...
-
Crane Corporation's accounting records show the following at year-end December 31, 2022: Purchase Discounts Freight-In $7,450 Beginning Inventory $32,420 9,800 Ending Inventory 28,670 Freight-Out...
-
The rate of return on the common stock of a company is expected to be 12.25% in a boom economy, 7.25% in a normal economy, and only 1.75% in a recessionary economy. The probabilities of these...
-
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
-
Hospitality Hotels forecasts monthly labor needs. (a) Given the following monthly labor figures, make a forecast for June using a three-period moving average and a five-period moving average. Month...
-
1. How well does the distribution system seem to work? Talk about it in terms of customer service, costs, effective use of inventory, and information flows. 2. Given the amount of inventory in the...
-
A CD player has five components that all must function for the player to work. The average reliability of each component is 0.90. What is the reliability of the CD player?
-
Mass transfer models include transfer in only the packed region. Mass transfer also occurs in the column ends where liquid and vapor are separated. Discuss how these end effects affect a design. How...
-
Construct your key relations chart for this chapter.
-
a. The Bolles and Fair (1982) correlation indicates that \(\mathrm{H}_{\mathrm{G}}\) is more dependent on liquid flux than on gas flux. Explain this on the basis of a simple physical model. b. Why do...
Study smarter with the SolutionInn App