Answer the questions in this sheet, and open the place for you by inserting enough rows. The
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Question:
Answer the questions in this sheet, and open the place for you by inserting enough rows.
The mortgage amount is 850,000 interest rate is 4% for 22 years, calculate the monthly payment and prepare the amortization table ( compound monthly, payment end of the month)
We want to fund 450,000 8 years after, how much we put every 3 months to reach the amount at 3% interest rate quarterely compounded.
Bonus: Give explanations about the questions and real life advices considering these days interest rates and conditions.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: