You borrowed $650,000 from a bank at an interest rate of 63% compounded quarterly to purchase a new house. You will pay off the loan in monthly installments over two years. If you want to pay the remainder of the loan in a single payment immediately after 12th payment, how much do you have to pay?

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Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.