Finance linked questions, those are havent give u the amount, just think formula should use.?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

1) 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.

2) Calculation of regular monthly savings amount required to achieve the traget deposit amount - given information on saving account interest rate.

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.

4) Calculateion of amount of money to be borrowed (loan) from bank.

5) Calculation of monthly repayment amount of bank loan - given information on bank interest rate and life of loan.

6) Calculation outstanding loan balance at end first 5 years.

7) Calculation of new monthly repayment amount - when bank interest rate decreases after the first 5 years.