I urgently need please I will upvote. kindly provide a solution within 30 minutes to 1 hours maximum. Suppose you bought a house for 45,000,000 by paying a 10% down payment. Make an Amortization table...



I urgently need please I will upvote.



kindly provide a solution within 30 minutes to 1 hours maximum.



Suppose you bought a house for 45,000,000 by paying a 10% down payment. Make an Amortization table by using this information. Assuming there is no fees and payment is on annual basis.




  1. The original Interest rate is 10% for the first two years.


  2. Then next two years Interest rate is 8%



  3. Then for the rest of the period Interest rate drops to 6%


  4. You need to pay every year original payment as you paid for 10% interest



Amortize it for 15 years and see how many years it will take for you to finish the mortgage?



Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here