Assignment Task
PART
Lamina is planning to move to the Sunshine Coast and has just purchased a new beach front property in Noosa for $3,000,000. ANZ Bank has offered Lamina a 25 year term loan with monthly repayments at a nominal rate of 4% per annum. Lamina must deposit 20% of property value to access this loan. If Lamina puts up 20% deposit and borrows the rest from ANZ Bank, what will be her monthly repayment amount? (Show answer correct to the nearer cent.)
Arvin has been offered a contract through which he expects to generate the following stream of cash flows. Cash flows will occur at the end of the nominated years.
Cash Flows
- Year 0
- Year 1
- +$ 5,000
- Year 2
- Year 3
- +$ 5,000
- Year 4
- –$ 2,500
- Year 5
- +$ 2,700
- Year 6
- Year 7
- Year 8
- +$ 8,000
- Year 9
- Year 10
- +$20,000
- Arvin expects the market interest rates will be 2.5% per annum for the next 5 years, then it will increase to 5% per annum for the following three years (years 6 – 8) and will increase again in years 9 – 10 to 6% per annum.
- Assuming Arvin’s expectations regarding cash flows and interest rates are correct calculate the accumulated value of all these cash flows at each of the following times. (Show answers correct to the nearer cent.)
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