Sally invested in a 431,000 condo in North Vancouver 5 years ago with a downpayment of 150,000 and a mortgage of 281,000 If the value of the property grew at 3 % per year and the balance on her mortgages 208,353 , how muxh equity does she have in her condo now ? A 222,647 b 270,124 c 291.294 d 150000
Sally invested in a 431,000 condo in North Vancouver 5 years ago with a downpayment of 150,000 and a mortgage of 281,000 If the value of the property grew at 3 % per year and the balance on her mortgages 208,353 , how muxh equity does she have in her condo now ? A 222,647 b 270,124 c 291.294 d 150000
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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![Sally invested in a 431,000 condo in North
Vancouver 5 years ago with a downpayment
of 150,000 and a mortgage of 281,000 If the
value of the property grew at 3 % per year and
the balance on her mortgages 208,353 , how
muxh equity does she have in her condo now
?
A 222,647
b 270,124
c 291.294
d 150000
Mr Steve Wonder has just purchased
penthouse on the 20th floor near the
İakeshore He obtained a 3 year first mortgage
of 450,000 from Scotiabank an interest rate of
4.25 per year , compounded semi annually.
the loan will be amorttized over 25 years with
blended monthly payments What is the
amount of each monthly
payment ?
a 2437.82
b 2417.56
c 2397.67
d 2428.47](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71f3696e-ced2-4f2e-9589-09144adc6054%2F47085095-dd39-4131-9a4d-d6193e68b206%2F5tdx7fs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Sally invested in a 431,000 condo in North
Vancouver 5 years ago with a downpayment
of 150,000 and a mortgage of 281,000 If the
value of the property grew at 3 % per year and
the balance on her mortgages 208,353 , how
muxh equity does she have in her condo now
?
A 222,647
b 270,124
c 291.294
d 150000
Mr Steve Wonder has just purchased
penthouse on the 20th floor near the
İakeshore He obtained a 3 year first mortgage
of 450,000 from Scotiabank an interest rate of
4.25 per year , compounded semi annually.
the loan will be amorttized over 25 years with
blended monthly payments What is the
amount of each monthly
payment ?
a 2437.82
b 2417.56
c 2397.67
d 2428.47
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