Question
you are negotiating to buy a 100000 dollar home you have a 20000 down payment so 80000 will need to be borrowed from the bank.
you are negotiating to buy a 100000 dollar home you have a 20000 down payment so 80000 will need to be borrowed from the bank. assume that the fixed interest rate being offered by the bank is 5% and you want a 30-year mortgage. also assume that payments are made annually rather than monthly. find out what will be the annual payment amount will be?
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
