R1 Sally invested in a 431,000 condo in NorthVancouver 5 years ago with a downpaymentof 150,000 and a mortgage of 281,000 If thevalue of the property grew at 3 % per year andthe balance on her mortgages 208,353 , howmuxh equity does she have in her condo now?A 222,647b 270,124c 291.294d 150000Mr Steve Wonder has just purchasedpenthouse on the 20th floor near theİakeshore He obtained a 3 year first mortgageof 450,000 from Scotiabank an interest rate of4.25 per year , compounded semi annually.the loan will be amorttized over 25 years withblended monthly payments What is theamount of each monthlypayment ?a 2437.82b 2417.56c 2397.67d 2428.47

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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

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

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 25PROB

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