Question
Ali borrows 105000TL with monthly interest rate (for one month) 0.8%. a) Calculate the monthly payment for 16-year credit? b) After 95-months Ali wants to
Ali borrows 105000TL with monthly interest rate (for one month) 0.8%.
a) Calculate the monthly payment for 16-year credit?
b) After 95-months Ali wants to pay the remaining debt (without any commission or penalty). How much Ali needs to pay? Please choose one:
a. Monthly payments: 1162.19 Ali pays remaining debt early: 69649.75
b. Monthly payments: 1072.19 Ali pays remaining debt early: 71155.8
c. Monthly payments: 1072.19 Ali pays remaining debt early: 72149.75
d. Monthly payments: 1072.19 Ali pays remaining debt early: 33844.2
e. Monthly payments: 1152.19 Ali pays remaining debt early: 73399.75
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Real Estate Finance
Authors: John P. Wiedemer
8th Edition
0324142900, 9780324142907
