Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 02 Oct 2017 My Price 3.00

interest payment

Enrico has planned to have $40,000 at the end of 10 years to place a down payment on a condo. Property taxes and insurance can be as much as 30% of the monthly principal and interest payment (i.e., for a principal and interest payment of $1,000, taxes and insurance would be an additional $300). What is the maximum purchase price he can afford if he’d like to keep his housing costs at $950 per month?

 

 

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Maurice Tutor
(5)
Status NEW Posted 02 Oct 2017 01:10 PM My Price 3.00

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