1.1 Gore intends to buy his dream house in a low-density suburb in the next...
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Gore intends to buy his dream house in a lowdensity suburb in the next years, whichwill cost R million rands. He is going to put aside R each year for this project. Usethe spreadsheet to calculate the interest rate at which he must invest the money in orderto buy the house after years. If the same house in has a present market value of R million, calculate the averageannual rate of increase in the price of this property over the given period. If Gore had R when he got the idea of saving for the R million house. How manyyears would it take for him to raise the required amount to purchase the house if the appliedinterest rate is Diane bought a bankfinanced car and decided to quickly repay the loan to reduce the loaninterest. Over and above the monthly instalment of R she paid R at the endof the first month, R at the end of the second month and additional payments ofR at the end of each month thereafter. If the interest rate is per month, illustrate acash flow diagram for this payment and calculate the present value of NDs proposedpayment schedule during that period.
Gore intends to buy his dream house in a lowdensity suburb in the next years, whichwill cost R million rands. He is going to put aside R each year for this project. Usethe spreadsheet to calculate the interest rate at which he must invest the money in orderto buy the house after years.
If the same house in has a present market value of R million, calculate the averageannual rate of increase in the price of this property over the given period.
If Gore had R when he got the idea of saving for the R million house. How manyyears would it take for him to raise the required amount to purchase the house if the appliedinterest rate is Diane bought a bankfinanced car and decided to quickly repay the loan to reduce the loaninterest. Over and above the monthly instalment of R she paid R at the endof the first month, R at the end of the second month and additional payments ofR at the end of each month thereafter. If the interest rate is per month, illustrate acash flow diagram for this payment and calculate the present value of NDs proposedpayment schedule during that period.
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