QUESTION 1 (a) Stephanas needs N$20000 to pay for her tuition fees. Her sister Theresia...
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QUESTION 1 (a) Stephanas needs N$20000 to pay for her tuition fees. Her sister Theresia offers her the money at 1.5% interest. With payments of $500 monthly for 3.5 years, (0) What is Stephanas repayment schedule? (ii) Construct MATLAB code(s) to obtain your numerical solution. (b) Obtain the following values from your numerical solution (i) The loan amount amortized as at the end of the first year. (ii) The remaining amount on the principal at the end of the first one and half year. (iii) The loan amount paid off at the end of two and half years (iv) The remaining amount on the principal a month to the last payment. (v) The last amount amortized at the end of the loan period. (vi) The accumulated interest paid at the end of the loan. (c) On the other hand, if Stephanas decided to pay N$750 monthly, construct MATLAB code(s) to obtain (i) The remaining amount at the end of two years. (ii) Her last amount to finally pay off the loan. (iii) When the last amount is to be paid. QUESTION 2 Leave a message QUESTION 1 (a) Stephanas needs N$20000 to pay for her tuition fees. Her sister Theresia offers her the money at 1.5% interest. With payments of $500 monthly for 3.5 years, (0) What is Stephanas repayment schedule? (ii) Construct MATLAB code(s) to obtain your numerical solution. (b) Obtain the following values from your numerical solution (i) The loan amount amortized as at the end of the first year. (ii) The remaining amount on the principal at the end of the first one and half year. (iii) The loan amount paid off at the end of two and half years (iv) The remaining amount on the principal a month to the last payment. (v) The last amount amortized at the end of the loan period. (vi) The accumulated interest paid at the end of the loan. (c) On the other hand, if Stephanas decided to pay N$750 monthly, construct MATLAB code(s) to obtain (i) The remaining amount at the end of two years. (ii) Her last amount to finally pay off the loan. (iii) When the last amount is to be paid. QUESTION 2 Leave a message
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