Question

7. Mas Karyo borrows $28,000 with compound interest of
12% per year. Installments are made by amount every year for 4
years, at the end of each year. How big is it? installments every
year? How much interest is paid in year 2?

8. Perhatikan tabel cashflow dibawah ini. Hitunglah nilai C yang
menyebabkan nilai tabungan ekivalen dengan nilai penarikan uang,
jika bunga majemuk yang diberikan adalah sebesar 6% per
tahun.

Year Withdrawal Amount

0
-$1.500

1
-$1.200

2
-$900

3
-$600

4 -$300

5 0

6 C

7 2C

8 3C

9 4C

10 5C

9. Five deposits, $15,000, $14,000, $13,000, $12,000, and $12,000,
respectively. $11,000 is made on an account that provides compound
interest of 7% per Years. Determine the amount of funds in the
account after the 5th deposit period

10. Paimin Bin Paijo a 30-year-old Bachelor of Mechanical
Engineering, next year his salary will be up to $80,000. Paimin
hopes his salary will always rise every year at a rate of a steady
increase of 6% per year until he retires at age 60. If Paimin saves
money 10% of his salary each year and invests his savings at an
interest rate of 8%, How much money will Paimin have when he
retires at age 60?

Answer #1

**There are 4 DIFFERENT QUESTIONS
POSTED , ONLY FIRST IS
ANSWERED HEREUNDER**

**Ans-1**

EMI amount can be calculated using the below formula -

P * r * ((1+r)^n))/((1+r)^n)-1)

where,

P - Amount borrowed - 28000

r - rate of interest - 12%

n - number of EMI periods - 4 (since annual EMIs)

Putting the values in the formula we get

EMI = P * r * ((1+r)^n)) / ((1+r)^n)-1) = 28000 * 12% * ((1+12%)^4)) / ((1+12%)^4)-1) = 9219

The Table hereuner shows the Interest that will get paid over 4 years , Total payment that will be made :

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