Question

Enginering Economy:

5. You obtain a 30 years loan on the 2.4% nominal interest rate mortgage of $18,000,000 from ABC bank. The payment is due each month. You are allowed to pay back only the interest due for the first three years (the grace period) then make the monthly payments thereafter. You have paid back the loan for 10 years including the three years ofthe grace period. (30%) 5.1 What is the interest due per month for the first three years? What is the monthly payment that you are asked to make after the grace period ends? What is the total interest that you have paid in 10 years? What is the remaining principal after the first 10 years of payments? Another bank CDE offers you a bargain to transfer your loan at the nominal rate of 2% for the remaining 20 years with a transfer fee of $40,000. You also get an opportunity that would give you 12% return on the investment per year, will you transfer your loan? Why or why not? Show your calculation. 5.2 53

Answer 1

Answen- The Given inPonmation interest ate 2 4% MOn The intoest nate 12- the monthly payment Tota ntene st ate n leans

Remaininj pmincpai

Answer 2

真爽 我知道答案但我不想免費提供 自己去找吧想考成大還找不出來真的沒救了