Question
You want to invest your annual salary which is LE1,000,000 in a mortgage loan to buy a property. Find a suitable property (it has to
You want to invest your annual salary which is LE1,000,000 in a mortgage loan to buy a property. Find a suitable property (it has to be a real property) and specify its price and location. You need to determine the loan to value, loan rate and maturity of the loan in order to answer the following questions:
a) What is your monthly P&I?
b) Construct an amortization table
c) Will you be qualified to take the loan?
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
