IX. A realtor sells houses with a cash price of half a million quetzals; It also...

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IX. A realtor sells houses with a cash price of half a million quetzals; It also sells them on credit, requesting 10% for this as a down payment, charging a rate of 6% per year for the value to to finance. Determine the monthly payment for a term of 20 years. X. With the same conditions of the previous problem, determine the term minimum (in years), that the real estate company can grant financing to a person with a monthly salary of Q11,875.00, taking into account that the Real estate requires as a requirement that the monthly fee does not exceed 40% of the buyer's salary. IX. A realtor sells houses with a cash price of half a million quetzals; It also sells them on credit, requesting 10% for this as a down payment, charging a rate of 6% per year for the value to to finance. Determine the monthly payment for a term of 20 years. X. With the same conditions of the previous problem, determine the term minimum (in years), that the real estate company can grant financing to a person with a monthly salary of Q11,875.00, taking into account that the Real estate requires as a requirement that the monthly fee does not exceed 40% of the buyer's salary.

Answer rating: 100% (QA)

Answer To solve these problems we can use the formula for calculating the monthly payment on a mortgage M Pr1rn1rn1 Where M Monthly payment P Principa... View the full answer