BUSC 1B - a couplebuy a house listed at $180,000

BUSC 1B - a couplebuy a house listed at $180,000

Question # 00624797 Posted By: dr.tony Updated on: 12/05/2017 01:37 PM Due on: 12/05/2017
Subject Finance Topic Finance Tutorials:
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a couplebuy a house listed at $180,000 with a $30,000 down payment and amortized the rest of the debt with a quarterly payments made at the end of the quarter for 20 years. If the interest rate is 10%compounded quarterly


A. find the size of the quarterly payment


B How many payment of been made after 12 years. ie what is the value of k


C. Find the unpaid balance of the debt after 12 years.

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  1. dr.tony
    Tutorial # 00623467 Posted By: dr.tony Posted on: 12/05/2017 01:38 PM
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