QMI1500 ASSIGNMENT 3 SEMESTER 1 & 2 2022

QMI1500
ASSIGNMENT 3 SEMESTER 1 & 2 2022
UNIQUE NUMBER:

PREVIEW OF QUESTION 1
1. 4 Time value of money

calculations PMT = 7440
N = 10 x 4 =
40 I = 11/4

CMPT FV = 530 235

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1. 4 Time value of money calculations

PMT = 7440
N = 10 x 4 =
40 I = 11/4

CMPT FV = 530 235


2. 3 PMT = 480 700
N = 20
I = 7.5

CMPT PV = 4 900 492


3. 3 FV = 330 284,00
N = 4 x 12 =
48 I =
12.5/12

CMPT PMT = 5338.49


4. 2 PV = 80% x R177 175,00/20% =708 700
N = 20 x 2 =
40 I = 9.4/2

CMPT PMT = 39 619




5. 4 PV = 7332
N = 3 x 12 =
36 I =
10.7/12

CMPT PMT = 239

6. 2 Beginning Ending
Interest Principal
Balance Balance
1 439,200.0 14,256.4 15,770.8 423,429.15
0 8 8
2 423,429.1 13,728.0 16,299.2 407,129.93
5 8 8
3 407,129.9 13,182.0 16,845.3 390,284.61
3 2 4
4 390,284.6 12,617.6 17,409.7 372,874.92
1 4 2
5 372,874.9 12,034.3 17,993.0 354,881.94
2 5 1
6 354,881.9 11,431.5 18,595.8 336,286.12
4 3 3
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