Quiz 14: Mortgages

Business

Step 1. First find the number of img financed img Step 2. Using table locate the table factor, monthly payment per img financed. The entry in the above table at img for 25-years is img . Step 3. Now, calculate the monthly payment img Step 4. Next, find the total interest of the loan img img [Since the number of payment in 25-years is img ] img Therefore, img

Real estate is defined as "land, including the air above and the earth below, plus any permanent improvements to the land, such as homes, apartment buildings, factories, hotels, shopping centers, or any other 'real' property". Land, including permanent improvements on the land, is known as Real estate. img

Step 1. First find the number of img financed img Step 2. Using table locate the table factor, monthly payment per img financed. The entry in the above table at img for 20-years is img . Step 3. Now, calculate the monthly payment img Step 4. Next, find the total interest of the loan img img [Since the number of payment in 20-years is img ] img Therefore, img