Corporate Finance Assignment/ Professional Essay Writers
May 8th, 2020
1. Brian just bought an apartment in Manhattan which cost $ 2 million. The down payment was 50% and the balance of his mortgage was $1 million. The borrowing interest rate is 5%. The term is 15 years.
a. What is his monthly payment?
b. How much is the interest payment for the first month?
c. How much is the remaining principal at the end of the first month? Get Finance Help Today