Question
A house is acquired through Infonavit credit whose monthly payment is $9051.73 plus VAT and it is known that Infonavit credits are granted for 15
A house is acquired through Infonavit credit whose monthly payment is $9051.73 plus VAT and it is known that Infonavit credits are granted for 15 years at a compound interest rate of 6.42% semiannually compounded monthly.
a) How much is the total debt on the home.
b) Calculate the initial value of the home.
c) If the monthly payment is made of $14,272,888, how long will it take to pay off the home?
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Infonavit Credit Payment Analysis a Total Debt To calculate the total debtwell need to consider the ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
