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4. Calculate the payment of the loan of $20,000 interest Prime +2.0% and the term is 4 years - 48 months. (assume prime is
4. Calculate the payment of the loan of $20,000 interest Prime +2.0% and the term is 4 years - 48 months. (assume prime is 7.2%) 5. Calculate GDS and TDS (before the new loan payment and after including the new loan payment). Assume the following: heating is $150, taxes are $250, and condo fees are $250. Show your work here. TDS before the new loan payment TDS with the new loan payment 6. Are these ratios acceptable? Why or why not?
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To calculate the payment of the loan we need to determine the interest rate based on the prime rate and add the 20 markup Then we can use the formula ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
