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Question 3 (2 points) x- c(7,3,4) How do you find what type of object x is? Class(x) class(x) object(x) type(x) Question 2 (2 points) x = c(7,3,4) y=c(-2,5,-7) tex-y What is t? t-(5,-2, 3) t-19

Finance Sep 15, 2020

Question 3 (2 points) x- c(7,3,4) How do you find what type of object x is? Class(x) class(x) object(x) type(x)
Question 2 (2 points) x = c(7,3,4) y=c(-2,5,-7) tex-y What is t? t-(5,-2, 3) t-19.-2, 11) Ot-(% 8, 11) Ot=(5,-2, -3)

Jill borrows $300,000 for 10 years at a fixed interest rate of i % p.a (EAR). If the loan is repaid in 10 equal year-end payments over the 10 years, the amount of the loan outstanding at the end of the 5th year will be: Select one: a. Less than $150,000 b. Greater than $150,000 c. Equal to $150,000

Expert Solution

Solution

1)

Using type(x) we can find the vector type of c(7,3,4)

2)

(7+2, ,3-5, 4+7)

(9, -2, 11)

Option B

Answer is Option c) Equal to $150,000

Years Loan amount Re-payment Remaining at the end of year
1 300000 30000 270000
2 270000 30000 240000
3 240000 30000 210000
4 210000 30000 180000
5 180000 30000 150000
6 150000 30000 120000
7 120000 30000 90000
8 90000 30000 60000
9 60000 30000 30000
10 30000 30000 0
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