Question
Guillermo wants to buy a house that is for sale for $ 70,000. The bank lends you 65% of the sale price and will charge
Guillermo wants to buy a house that is for sale for $ 70,000. The bank lends you 65% of the sale price and will charge 5% as mortgage payment. He will also need to pay $ 350 for fees Legal, S580 for property taxes. $ 280 for fees registration and $ 500 for fire insurance. What mortgage charge goes to turn off?
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Problems In Portfolio Theory And The Fundamentals Of Financial Decision Making
Authors: Leonard C Maclean, William T Ziemba
1st Edition
9814749931, 978-9814749930
