Question
At exactly 35 year of age, with $100,000 in his savings account Alex plans to buy a house. A bank is willing to loan him
At exactly 35 year of age, with $100,000 in his savings account Alex plans to buy a house. A bank is willing to loan him the necessary funds provided that he puts up 20% of the purchase price, uses the house as the collateral
With stamp duty of 2% of the purchase price payable by the buyer, how much is the most expensive house that Alex can afford right now?
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Data Analysis and Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th edition
978-0538476126
