Dennis took a $522108, 30-year bank loan at j12=5.31% p.a. to purchase an investment property....
80.2K
Verified Solution
Link Copied!
Question
Accounting
Dennis took a $522108, 30-year bank loan at j12=5.31% p.a. to purchase an investment property. She agreed to make payments at the end of each month. Assuming that she makes the payments consistently, how much will she owe at the end of 25 years?
a.
$153331.23
b.
$152655.73
c.
$870759.95
d.
$174151.99
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
