Question
A borrower is repaying his loan of $270000 at 5.25% p.a. interest rate repaid and compounded monthly The payments have been set to $1565 per
A borrower is repaying his loan of $270000 at 5.25% p.a. interest rate repaid and compounded monthly The payments have been set to $1565 per month. Calculate the amount of the last repayment: Answer:( )
Hence, calculate the total cost (repayment) of the loan: Answer: ( )
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Foundations Of Real Estate Financial Modelling
Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
