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BMAT 230 Business Mathematics  

Pages : 2 | Type : Essay

Answers: The loan amount provided by the angel investor could be calculated as the present value of the amount paid after two years of time. The interest rate applicable for the transaction was around 6% payable semi-annually over the two-year time. The savings of $80,654 will be pulled back two years back at the semiannual rate of 6% payable semiannually (Eisenberg & Mishura, 2018). Future Value = 80,654 Interest Rate = 6% payable semia...

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userWritten By : Mark     postPosted On : Jun 07, 2021     downloadDownload : 0
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BMAT230 Business Mathematics  

Pages : 2 | Type : Essay

Answer: In Response to Question 1 The loan amount provided by the angel investor could be calculated as the present value of the amount paid after two years of time. The interest rate applicable for the transaction was around 6% payable semi-annually over the two-year time. The savings of $80,654 will be pulled back two years back at the semiannual rate of 6% payable semiannually (Eisenberg & Mishura, 2018). Future Value = 80,654 Intere...

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userWritten By : Mark     postPosted On : Jun 07, 2021     downloadDownload : 0

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BMAT230 Business Mathematics  

Page : 1 | Type : Essay

Suppose you purchase a house for $540,500 and make a down payment of 21% of the purchase price. The balance is amortized over 20 years. The house mortgage agreement is subject to 3.0573% compounded semi-annually for the first five years and requires equal monthly payments. → What is the size of the equal monthly payments for the first five years? → What is the house mortgage balance at the end of the five years? Perform this calculation...

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userWritten By :     postPosted On : Nov 10, 2020     downloadDownload : 0

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