# Posts by irvin spies

Total # Posts: 5

**elementary quantitative methos**

still part of the same Q, After 8 years the interest rate drops to 18percent p.a,compounded monthly and the present value of the loan is R128 951.39. What will his new monthly payments be?

*April 8, 2016*

**elementary quantitative methos**

with reference to previous question,what is the outstanding principle at the beginning of the second year,rounded to the nearest rand

*April 8, 2016*

**elementary quantitative methos**

andrew bought a flat of R240000,he made a down payment of R100000 and obtained a 20 year mortgage bond for the balance at an interest rate of 19,5 percent per annum,compounded monthly,what is his montly payment?

*April 8, 2016*

**elementary quantitative methos**

when buying their home,the Lee family takes out a 15 year loan. Their monthly payments are R5842the interested rate is 10,5 percent per annum,compounded monthly.the amount of money they borrowed were?

*April 8, 2016*

**elementary quantitative methos**

a businesswoman wants to invest the same sum of money at th same of each quarter for 5 years.the investment will earn 8,5 percent interest per year,quarterly compounded. In order to have accumuated a total of R30000 at the of five years,what will the required quarterly ...

*April 8, 2016*

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