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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A company borrows 50,000 AED to finance a new equipment installation with an interest rate is 9.5% per annum and a repayment period of 5 years.
Determine the following two values:
•The value of the total repayment at the end of the 5 years
•The average monthly repayment value
For the following two cases:
•Simple interest is applied.
•Compound interest is applied.
For the following two cases:
•Simple interest is applied.
•Compound interest is applied.
A company borrows 50,000 AED to finance a new equipment installation with an interest rate is 9.5% per annum and a repayment period of 5 years.
Determine the following two values:
•The value of the total repayment at the end of the 5 years
•The average monthly repayment value
For the following two cases:
•Simple interest is applied.
•Compound interest is applied.
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