Below have seven incomplete questions but given the keys words to think, which is the formula.?
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Q1 Calculation of amount to be accumulated (saved) for a traget (%) deposit amount on the purchase price of a house by end of 5 year period - given information on amount of regular monthly saving in a bank.
Q 2: Calculation of regular monthly savings amount required to achieve the traget deposit amount - given information on saving account interest rate.
Q 3 Calculation of the time requried to accumulate the deposit - under a channged scenario when the government announces to provide a grant of an amount of money to first home buyers at the time of pruchase of a house.
Q 4 Calculateion of amount of money to be borrowed (loan) from bank.
Q 5 Calculation of monthly repayment amount of bank loan - given information on bank interest rate and life of loan.
Q 6 Calculation outstanding loan balance at end first 5 years.
Q 7 Calculation of new monthly repayment amount - when bank interest rate decreases after the first 5 years.
plz write the formula, thank
Below have seven incomplete questions but given the keys words to think, which is the formula.?I think you need an actuary for this. Sorry that I am not one.
Hope you find your answer.
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