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#### BUS704 | Introduction To Accounting And Financial Management

Pages : 8 | Type : Essay

Answer: Answer 1: Monthly repayment: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P = loan amount or principal R = interest rate per month N = number of monthly instalments. Que 1 a)   Calculation of monthly payment   Loan (P)  \$                  605,000.00 Tenure (months) (N) 300 ...

Written By : Peter Ellis     Posted On : Sep 21, 2019     Download : 0

#### BUS704 Case Study For Financial Management

Pages : 7 | Type : Essay

Answer: Cost of house = \$ 666,000 Down-payment for the house = \$ 61,000 Hence, total loan assumed = 666000-61000 = \$ 605,000 Total period of repayment = 25 years or (25*12) = 300 months Nominal rate of interest = 6.5% p.a. or (6.5/12) = 0.5417% per month  The monthly repayment can be computed using the following formula. EMI = [P*R*(1+R)N]/[(1+R)N -1] Hence, monthly repayment = 605000*0.005417*(1.005417)300/(1.005417300-1)...

Written By : Mark     Posted On : Dec 01, 2020     Download : 0

## More Courses from University Of The Sunshine Coast

#### BUS704 Financial Management

Pages : 8 | Type : Essay

Answer: Question 1: Part a The monthly repayment will be \$ 4159.87 which is calculated as below: Cost of House  \$             666,000.00 Deposit Utilised  \$               61,000.00 Loan Required  \$          &n...

Written By : Mark     Posted On : Dec 05, 2020     Download : 0

#### BUS704 Financial Management

Pages : 7 | Type : Essay

Answer:   Particulars Value   Cost            666,000   Deposit              61,000   Loan            605,000   Rate 6.50%   Term 25   n 300 ...

Written By : Mark     Posted On : Dec 11, 2020     Download : 0

#### BUS704 Case Study For Financial Management

Pages : 7 | Type : Essay

Answer: The given information and data is summarized below: Hose costs Accumulated deposit (down payment for the house)   Expected loan amount   Annual nominal interest rate (yearly) Annual nominal interest rate (monthly) = (6.5/12) % =0.5417 per month  Repayment period for loan (years) Repayment period for loan (months)  Monthly repayment   Interest that would be paid in 104th repayment In order to...

Written By : Mark     Posted On : Jan 07, 2021     Download : 0

#### BUS704 Finance And Accounting For Managers

Pages : 6 | Type : Essay

Answer: Question 1: Que 1 a)   Calculation of monthly payment Loan  \$  605,000.00 Tenure (months) 300 Interest rate monthly 0.54% EMI \$4,085   Que 1 b) The interest amount after 104th EMI EMI No. Opening balance loan EMI Interest Closing balance loan 104 493969.3 4085.003 ...

Written By : Mark     Posted On : Feb 09, 2021     Download : 0

#### BUS704 Corporate Finance

Pages : 4 | Type : Essay

Answer: Share repurchase Value Number of share repurchase                    115 Expenses  \$    13,325.00 Share price  \$          116.00 Shareholder's wealth  \$        &nb...

Written By : Mark     Posted On : Jul 27, 2021     Download : 0

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