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Mr. Ahmed bought 2 flats for $ 293000 and 393000. He put 20% down payment in both flat and obtained a simple interest amortize loan
- Mr. Ahmed bought 2 flats for $ 293000 and 393000. He put 20% down payment in both flat and obtained a simple interest amortize loan for the balance at 5% annually interest for 3 years (factor 2.7232) flat-1 and 5 years (factor 4.3295) for flat-2. Prepare separate amortization table for both flat payments? justify which flat payment is most suitable for you if your present annual income is $90,000?
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