On Fri, Jul 22, 2011 at 7:36 PM, HAFIZ NAUMAN SHAHID <mc100400123@vu.edu.pk> wrote:
let
she want to take a loan of Rs. 100
in case of 8% semi annually
after six months
remaining principal will be = 100/(1+0.08)^0.5
= 96.25
after one year
the amount remaining principal will be = 96.25/(1+0.08)^0.5
= 92.63
and if we take a loan form that bank at interest rate 7.5%
then
the principal amount remaining will be = 100/(1+0.075)^1
= 93.02
it is obvious that when ever the interest rate is low, taking loan is more beneficial and when the interest rate is high taking loan can be more costly--On Fri, Jul 22, 2011 at 11:50 AM, aAisH <mc100405526@vu.edu.pk> wrote:
Mary is planning on taking out a mortgage loan for her new house. She is given the choice of two different banks: Bank A has quoted annual rate of 8% compounded semi-annually and Bank B has a quoted annual rate of 7.5% compounded for a certain number of times a year. Which bank should Mary choose?
► Bank A
► Bank B
► Indifferent between Bank A and Bank B
► Insufficient information
confirm the ri8 ans plzzzzzzzzzzzzz
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THANKS AND REGARDS;
*ஜ۩۞۩ஜ(¯`*•.¸,¤°´`°¤,¸.•*´¯)ஜ۩۞۩ஜ
HAFIZ NAUMAN SHAHID
MBA 2nd semester
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"mc100400123@vu.edu.pk*
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