Question
Your disposable income is 2000$ monthly. You have a choice for next 10 years (120 months): you Receive a mortgage loan and buy own apartment
Your disposable income is 2000$ monthly. You have a choice for next 10 years (120 months): you Receive a mortgage loan and buy own apartment for 200000$. The total duration of mortgage loan is 28 years. Monthly mortgage payment is 2000$, where 70% is interest of the bank and only 30% is repayment of the principal of the loan.
How much will you repay of the debt principal in 10 years?
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Financial Management In Construction Contracting
Authors: Andrew Ross, Peter Williams
1st Edition
1405125063, 9781405125062
