Question
Jack has obtained an $85.000 loan at 14 per cent for 25 years and he has been charged a 2 per cent loan origination fee.
Jack has obtained an $85.000 loan at 14 per cent for 25 years and he has been charged a 2 per cent loan origination fee. After three years, Jack has decided to sell the property. He has to pay the remaining loan balance when the property is sold. Calculate the amount he has to pay to the lender?
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Cost Accounting
Authors: M.Y. Khan, P.K. Jain
2nd Edition
9339203445, 9789339203443
