Fight Finance

Courses  Tags  Random  All  Recent  Scores

Scores
keithphw$6,001.61
Yizhou$489.18
Visitor$462.43
Visitor$370.00
allen$340.00
Donnal$190.00
Visitor$160.00
Visitor$150.00
Visitor$119.09
Visitor$110.00
Visitor$100.00
Visitor$100.00
Visitor$60.00
Visitor$60.00
Visitor$50.00
Koushik ...$43.45
Visitor$40.09
Visitor$40.00
Joe figh...$40.00
Visitor$40.00
 

Question 160  interest only loan

You want to buy an apartment priced at $500,000. You have saved a deposit of $50,000. The bank has agreed to lend you the $450,000 as an interest only loan with a term of 30 years. The interest rate is 6% pa and is not expected to change. What will be your monthly payments?




Copyright © 2014 Keith Woodward