Question 1201624: This is Business Math. Please use the financial calculator BAII Plus for this:
Kelsey Bleakney purchased property worth $125,600, she paid 18% down and quarterly mortgage payments of $1474.53, at the beginning of every quarter, for 30 years. If this account is compounded quarterly, what is the interest rate? Calculate the percentage correct to 3 decimal places.
Amount borrowed after downpayment=
Interest rate=
Contribution=
Amount of interest=
Answer by ikleyn(52882)   (Show Source):
You can put this solution on YOUR website! .
Why don't YOU use the financial calculator BAII Plus for this ?
Hello, this assignment has a goal to teach you to perform this kind of calculations using that special calculator.
It assumes, that you do this job on your own, after reading the relevant instructions on how to use the calculator.
So, it is expected (obviously), that you do it on your own from the beginning to the end.
If I will do it for you and instead of you, it will be ANTI-pedagogic from my side.
Hope, as a reasonable student, you are totally agree with me.
Glad to have so consistent vision with you.
|
|
|
