Alpha Geek

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Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 4 Days Ago
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  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

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  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Business & Finance Posted 03 Aug 2017 My Price 7.00

A condominium is purchased for $80,000 with a down payment of $12,000 at an annual interest

 A condominium is purchased for $80,000 with a down payment of $12,000 at an annual interest rate of 9% for 15 years. Calculate the unpaid balance after 10 years of making payments.

2. What would be the market value of the condominium in Exercise 21 after 12 years of making payments if the interest rate goes up to 11%? Use the formula method and the table method.

Answers

Alpha Geek
(8)
Status NEW Posted 03 Aug 2017 03:08 PM My Price 7.00

The----------- fi-----------rst----------- st-----------ep -----------is -----------to -----------det-----------erm-----------ine----------- th-----------e p-----------eri-----------odi-----------c i-----------nte-----------res-----------t r-----------ate-----------. T-----------he -----------pay-----------men-----------ts -----------are----------- mo-----------nth-----------ly -----------so -----------we -----------nee-----------d a----------- mo-----------nth-----------ly -----------rat-----------e. -----------If -----------the----------- 10-----------% i-----------s a----------- no-----------min-----------al -----------ann-----------ual----------- ra-----------te,----------- th-----------en

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