4. Calculate the payment of the loan of $20,000 interest Prime +2.0% and the term is...

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4. Calculate the payment of the loan of $20,000 interest Prime +2.0% and the term is 4 years - 48 months. (assume prime is 7.2%) 5. Calculate GDS and TDS (before the new loan payment and after including the new loan payment). Assume the following: heating is $150, taxes are $250, and condo fees are $250. Show your work here. TDS before the new loan payment TDS with the new loan payment 6. Are these ratios acceptable? Why or why not? 4. Calculate the payment of the loan of $20,000 interest Prime +2.0% and the term is 4 years - 48 months. (assume prime is 7.2%) 5. Calculate GDS and TDS (before the new loan payment and after including the new loan payment). Assume the following: heating is $150, taxes are $250, and condo fees are $250. Show your work here. TDS before the new loan payment TDS with the new loan payment 6. Are these ratios acceptable? Why or why not?

Answer rating: 100% (QA)

To calculate the payment of the loan we need to determine the interest rate based on the prime rate and add the 20 markup Then we can use the formula ... View the full answer