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You are interested in buying a condo that is under development. The condo will be completed in 282 days and money can earn 5.5% simple
You are interested in buying a condo that is under development. The condo will be completed in 282 days and money can earn 5.5% simple interest. The developer requires two equal payments: one when the development is half finished, plus the remainder due when the development is completed. The advertised price of the condo is $930000, how much must you set aside for The first payment? $ The second payment? $ What is the value of the condo today? $
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