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Author Question: The Savoias bought an investment property valued at $160 000.00 by paying 25% down and mortgaging ... (Read 114 times)

lb_gilbert

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Question 1

The Chretiens bought a rental property valued at $125 000.00 by paying 25% down and mortgaging the balance over 21.5 years through equal payments at the end of each quarter at 8.6% compounded quarterly. What was the size of the quarterly payments?

Question 2

The Savoias bought an investment property valued at $160 000.00 by paying 25% down and mortgaging the balance over 25 years through equal monthly payments at 6% compounded monthly. What was the size of the monthly payments?


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Marked as best answer by lb_gilbert on Jun 6, 2019

nguyenhoanhat

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