nerdasdasd
Dont.msg.me.about.english
Finance dudes....
Q
You require $350,000 to buy a house
The bank will lend you the money over 15 years
The interest rate is 6% pa compounded monthly
What are your monthly loan repayments?
Prepare an amortisation schedule
HOw the heck do you determine whether to use the future or present value of an annuity??
I know what they are but... I do not know when to use them if they don't specify "Find the current" or "Find the future"
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Q2
Is this correct?
Q
You require $350,000 to buy a house
The bank will lend you the money over 15 years
The interest rate is 6% pa compounded monthly
What are your monthly loan repayments?
Prepare an amortisation schedule
HOw the heck do you determine whether to use the future or present value of an annuity??
I know what they are but... I do not know when to use them if they don't specify "Find the current" or "Find the future"
------------------------------------------------
Q2
Is this correct?