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6. Also, you are thinking in buy your first apartment and use your money as the initial payment. The apartment that you like has a
6. Also, you are thinking in buy your first apartment and use your money as the initial payment. The apartment that you like has a final cost of 350,000C a. What is the amount of the rest of the money that you have to pay? (5 points) 6. You ask for a mortgage scheme for 15 years with an interest rate of 3% compounded monthly. What is the amount of the payments (cashflow) if you start pay at the end of the month? (10 points) What is the total amount if you ask for a period of mercy, 3 months? (10 points)
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