Calculations

Question 1

Business Line of Credit

Answer 1

interest rate x MTR

Question 2

Student Loan

Answer 2

interest rate x tax credit rate

Question 3

Real Rate of Return

Answer 3

(1+ nominal rate / 1+ inflation rate) - 1

Question 4

Principal Residence Exemption Calculation

Answer 4

[(# years as PR + 1) x capital gain] / # years owned

Question 5

Calculating Bond Yield

Answer 5

coupon amount/sell price

Question 6

Additional CESG Calculation

Answer 6

-

Question 7

Yield to maturity calculation

Answer 7

[(Face value/Present Value)1/Time period] - 1