Question:An
apartment will cost $400,000 and your parents have provided you the
down payment money of...
Question
An
apartment will cost $400,000 and your parents have provided you the
down payment money of...
An
apartment will cost $400,000 and your parents have provided you the
down payment money of $100,000. And the bank is quoting 2.50%
quoted rate based on a 25-year amortization, which will be
compounded semi-annually.
What would be the amount of monthly payments on the
mortgage?
What would be the principal outstanding after five
years?