. Suppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the next 15 years? 

7. You are buying your first house for $220,000, and are paying $30,000 as a down payment. You have arranged to finance the remaining $190,000 30year mortgage with a 7% nominal interest rate and monthly payments. What are the equal monthly payments you must make?

Answer rating: 100% (QA)

Annuity Withdrawal and Mortgage Payment Calculations 1 Inheritance Withdrawal You inherited 200000 and want to know how much you can withdraw annually ... View the full answer