Please solve the question with BA2 plus calculator and with pen and paper Thanks Aisha...
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Please solve the question with BA2 plus calculator and with pen and paper
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Aisha and Chang Johnson are buying a house for $950,000. They can make a down payment of $170,000 from a combination of their RSPs ($35,000 each under the Home Buyers program) and wedding gifts recently received. Their financial institution is quoting them a rate of 1.6% per annum compounded quarterly for a five-year term. They want to make biweekly payments to match their pay cycles and amortize the loan over 30 years.
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