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11. What is the draw (payment to the borrower) in a RAM for $200,000 at 4% interest and a maturity of 10 years? Loan Amount
| 11. What is the draw (payment to the borrower) in a RAM for $200,000 at 4% interest and a maturity of 10 years? | ||||
| Loan Amount | $200,000 | Answer | $2,024.90 | |
| Periods Per Year | 12 | |||
| Interest Rate | 4% | |||
| Years to Maturity | 10 | |||
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
