# Write a report that answers the following questions and meet the list of requirements that follows.

Aug 25th, 2016
Studypool Tutor
Aberystwyth University
Price: \$20 USD

Tutor description

Write a report that answers the following questions and meet the list of requirements that follows. Each of the problems you will be solving requires using your calculator to solve a financial equation. In order to calculate answers correctly, it is important that you follow several important rules: Follow the Order of Operations to solve complicated problems. Attempt to solve equations without writing down intermediate values. If you must write down values, keep as many digits or decimal places as you can. Better yet, use the memory locations in your calculator to store intermediate values. NEVER round intermediate calculations. Only round the final answer. Several excellent videos that describe how to solve algebraic expressions using the Order of Operations Rules are available at mathispower4u.yolasite.com. After reaching the Mathispower4u site, click on the Algebra 1 Video Library link and find the Order of Operations section in the first column. The first twelve short video

Word Count: 691
Showing Page: 1/5
Math Report AssignmentName:Course:Submission date:IntroductionAn amortized loan is an advance with planned intermittent installments that comprise ofboth central and interest. Simple interest seeks to identify the interest one is to pay for aparticular loan. Annuity payments can also be referred to as annually/yearly payments. Annuitypayment are mostly determined using compound interest formula for specified number of years.The payment can be calculated on a monthly basis then multiplied by total number of months ina year to convert the problem to an annuity one. Mortgages are loans usually awarded to asuccessful candidates for the purpose of acquiring an assets or property.Methodology and Discussion1. Simple Interest: Jack borrowed money to finance his new business. Private investorsoffered Jack \$28,000 of the \$35,000 he needed. To make up the difference, Jacksecured a small business, simple interest loan. Jacks loan was structured as aninstallment loan and required him to pay \$297.50/month for 30 months. Calculate theamount financed, total installment price, the finance charge, and the interest rate.The amount financed is the difference capital needed and the amount private investors gave him=\$35000-\$28000=\$7,000. The difference is the principle to be borrowed from the bank.The total installment price will be; 297.50*30= 8925.The interest paid on =100; (

## Review from student

Studypool Student
" Tutor was very helpful and took the time to explain concepts to me. Very responsive, managed to get replies within the hour. "

Type your question here (or upload an image)

1827 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors