I am trying to solve this question but I am lost can anyone help me pls
Suppose your supervisor asks you to use the transportation method to rearrange the desks of everyone in the office. How would you do it? What other factors are important but will not be considered in the solution of the transportation table?
3 answers
I have never heard of the transportation method.
Interest only loan (3 marks)
Interest only loans are loans where the borrower pays interest on the original principal to the lender and repays the entire amount of the loan (i.e., the original principal) at the end of the term. Assume the couple secure an interest only loan for $80,000 for eight years. Calculate the following:
„h The required monthly repayment for the first four year at an interest rate of 7.00% pa, compounded monthly.
„h The required monthly repayment for the second four years at an interest rate of 10.00% pa, compounded monthly.
„h Calculate the total interest charge of the loan over the eight year period.
Reverse mortgage (4 marks)
A reverse mortgage is a loan where an individual borrows money against the value of their home. No repayments are required during the term of the loan. The amount borrowed and total interest charges are repaid when the house is sold. Assume the couple secure a reverse mortgage loan for $80,000 for eight years. Calculate the following:
„h How much is repayable after first four years at an interest rate of 7.50% pa, compounded monthly.
„h How much is repayable after second four years at an interest rate of 10.50% pa, compounded monthly.
„h The total interest charge on the loan over the eight year period.
The couple¡¦s financial position in eight years (5 marks)
Perform the following
„h The estimate value of the couple¡¦s home after eight years.
„h Assuming that the couple sell their home at the end of eight years, for each option calculate the amount the couple will then have available to buy a retirement unit
Interest only loans are loans where the borrower pays interest on the original principal to the lender and repays the entire amount of the loan (i.e., the original principal) at the end of the term. Assume the couple secure an interest only loan for $80,000 for eight years. Calculate the following:
„h The required monthly repayment for the first four year at an interest rate of 7.00% pa, compounded monthly.
„h The required monthly repayment for the second four years at an interest rate of 10.00% pa, compounded monthly.
„h Calculate the total interest charge of the loan over the eight year period.
Reverse mortgage (4 marks)
A reverse mortgage is a loan where an individual borrows money against the value of their home. No repayments are required during the term of the loan. The amount borrowed and total interest charges are repaid when the house is sold. Assume the couple secure a reverse mortgage loan for $80,000 for eight years. Calculate the following:
„h How much is repayable after first four years at an interest rate of 7.50% pa, compounded monthly.
„h How much is repayable after second four years at an interest rate of 10.50% pa, compounded monthly.
„h The total interest charge on the loan over the eight year period.
The couple¡¦s financial position in eight years (5 marks)
Perform the following
„h The estimate value of the couple¡¦s home after eight years.
„h Assuming that the couple sell their home at the end of eight years, for each option calculate the amount the couple will then have available to buy a retirement unit
come on some one answer this question
1 answer