Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
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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 05 May 2018 My Price 2.00

house financing company

You plan to buy a flat for Rs 200,000 by making Rs 40,000 down payment. A house financing company offers you a 12-year mortgage requiring end-of-year payments of Rs 28,593. The company also wants you to pay Rs 5,000 as the loan-processing fee, which they will deduct from the amount of loan given to you. What is the rate of interest on loan?

Answers

(5)
Status NEW Posted 05 May 2018 05:05 PM My Price 2.00

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