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?

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

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?

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?

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 ...