Question
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 350,000.
a. What is the amount of the rest of the money that you have to pay?
b. 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?
C. What is the total amount if you ask for a period of mercy, 3 months?
* Downpayment of 100,000 euros
NEED HELP FOR all QUESTION 6, with well explained calculation please, thank you in advance to whoever will help me
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
