Grade 12 Financial Mathematic
n-up Q:
Austin buys a house for R 1 785 000 on the 1st September 2021. The bank gives him an interest rate of
6% p.a. compounded monthly. Mr Austin makes payments of R11 000 at the end of each month.
a) What is the balance on the loan on the 31st December 2036?
b) How long will it take Mr Austin to payoff the loan?

Question

03-08-2022
Mathematics

Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Grade 12 Financial Mathematic
n-up Q:
Austin buys a house for R 1 785 000 on the 1st September 2021. The bank gives him an interest rate of
6% p.a. compounded monthly. Mr Austin makes payments of R11 000 at the end of each month.
a) What is the balance on the loan on the 31st December 2036?
b) How long will it take Mr Austin to payoff the loan?

Sagot :

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.

bonjour est ce que vous pouvez m'aider pour cette question svp : -Montrez les contrastes socio- économiques existant à l’échelle de l’agglomération comme à l’éc

a) Battery life for a hand-held computer is normally distrbuted and has a population standard deviation of 3 hours. Suppose you need to estimate a confidence in

Determine if the graph shows a proportional relationship. graph of a line from 0 comma 0 going through 120 comma 12 No, it is not proportional because the line

In excel, What is Colors[Inventory] referring to here? =SUMIFS(Colors[Inventory],Colors[Colors],"Orange") (A) the Inventory worksheet in the Colors workbook (B)

economists have looked at the reasons for some nations remaining poor. some of the causes of poverty are: a. overuse of resources, trade, and over-reliance on e

The use of the word "monopoly" in the name of the market structure called "monopolistic competition" refers to the fact that a. monopolistically competitive fir

individual members set aside personal agendas; they focus on what’s best for the team. collective outputs define success.

which one of the time periods below was a spiritual highpoint in many cultures and included the life of the buddha, the hebrew prophets, and the birth of daoism

you hold a spherical salad bowl 90 cm in front of your face with the bottom of the bowl facing you. the salad bowl is made of polished metal with a 40 −cm radiu

Can you help me find X