A computer has an original cost of 650,000 with a scrap value of 50,000 at...
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Finance
A computer has an original cost of 650,000 with a scrap value of 50,000 at the end of 8 years. What semiannual payments must be set aside into a sinking fund to replace the equipment in 8 years if the interest rate is 4% compounded semiannually. Assume a 2% inflation rate.
You want to pay off the loan on your motorbike that you bought 23 months ago. Your monthly payment is 8,200 on a 3-year loan at an annual interest rate of 9%. Find the payoff amount (remaining balance).
A manufacturing company invests at a 3% interest rate in a 100-day treasury bill with a face value of 2M. The service charge costs 1,500. Compute for the cost of the treasury bill.
A car costing 1.2M is to be paid off by monthly payments over five years at a 10% annual interest rate. The sales tax is 6% of the purchase cost and the down payment made is 120,000. How much is the monthly amortization?
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