FINANCE-You buy a house, value of house is 1,000,000 and down payment of 20%
QUESTION
You buy a house, value of house is 1,000,000 and down payment of 20%You borrow the rest and the bank gives a rate of 6% for 15 years ( monthly payment )1) What is your monthly payment ?2) Of the first payment how much isprinciple (4000), how much is interest?3) Find thebalance of loan at end of 7 years?4) Over7 year periodwhat is yourprinciplereduction? what is interest ?5)Set up amortization table
ANSWER:
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.