Question
From the following choices, using the following information, give the ABD and ATD. / 2 - Purchase in the amount of $ 250,000 - Down
From the following choices, using the following information, give the ABD and ATD. / 2
- Purchase in the amount of $ 250,000
- Down payment: $ 50,000
- School and municipal taxes: $ 3,900 / year
- Heating: $ 1,500 / year
- Salary: $ 75,000
- Debt: loan of $ 300 per month
- Fixed rate 5 years amortized 25 years: 3.65%
- Bank of Canada rate: 5.64%
a. ABD = 27%, ATD = 32%
b. ABD = 23%, ATD = 28%
c. ABD = 25%’ ATD = 30%
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c ABD 25 ATD 30 The ABD is the amount of the down ...
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
