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Financial Management Assignment 1

Financial Management Assignment 1 - Financial Management...

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Financial Management Assignment 1. Sept 26, 2011 Nicholas Wilson (5223260) Personal Ethics Statement Individual Assignment: By signing this Statement, I am attesting to the fact that I have reviewed the entirety of my attached work and that I have applied all the appropriate rules of quotation and referencing in use at the Telfer School of Management at the University of Ottawa, as well as adhered to the fraud policies outlined in the Academic Regulations in the University‘s Undergraduate Studies Calendar. I further attest that I have knowledge of and have respected the ―Beware of Plagiarism brochure found on the Telfer School of Management‘s doc-depot site. Nicholas Wilson Sept 26, 2011 Signature Date Wilson, Nicholas 5223260 . Last Name (print), First Name (print) Student Number 1. a) Year (1)Borrowed + Year end interest [add $10,000/yr] (2) Interest/ year (4%) [(1) *1.04] (3)Total Owing [(1) + (2)] 1 10,000 400 10,400 2 20,400 816 21,216 3 31,216 1248 32,464.64 At the end of his june 2015 graduation, Andrew will owe $32,464.64 b) PMT = = = 12,597.84 Each payment will be $12,597.84.
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