Assignment # 1 MTH302 (Spring 2011) New and final April 06

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Assignment # 1 MTH302 (Spring 2011) New and final April 06

crpshoaib Offline

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Joined: Apr 2011

#20

04-16-2011, 05:07 AM

Interest rate/annum i =7%
Interest rate/month i =7/12% = 0.005833

Amount C =Rs. 8450
Number of years N =17
Number of periods n =17*12 = 204
Present Value (loan) PV =?

Using Formula mentioned in the book for Ordinary Annuity

Putting Values PV=8450(1-(1+0.005833)^-204)/0.005833
PV =8450(1-(1.005833)^-204)/0.005833
PV =8450(1-0.3053)/0.005833
PV =8450(0.6947/0.005833)
PV =8450*119.098
PV =Rs. 1006380

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Messages In This Thread

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by Xpert - 04-06-2011, 06:48 PM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by umyrx - 04-12-2011, 01:22 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by Xpert - 04-12-2011, 02:57 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by khurrami - 04-12-2011, 04:50 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by sana.pari - 04-12-2011, 05:13 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by Xpert - 04-13-2011, 02:46 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by Vuhelper - 04-13-2011, 05:35 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by rania - 04-13-2011, 08:32 PM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by rania - 04-13-2011, 08:43 PM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by crpshoaib - 04-15-2011, 05:40 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by sana.pari - 04-15-2011, 05:43 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by crpshoaib - 04-15-2011, 05:45 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by sana.pari - 04-15-2011, 05:46 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by crpshoaib - 04-15-2011, 05:50 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by sana.pari - 04-15-2011, 05:52 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by crpshoaib - 04-15-2011, 05:54 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by sana.pari - 04-15-2011, 06:02 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by crpshoaib - 04-15-2011, 06:11 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by sana.pari - 04-15-2011, 06:18 AM

Assignment # 1 MTH302 (Spring 2011) New and final April 06 - by crpshoaib - 04-16-2011, 05:07 AM

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