[問題] 問一個財管問題
Mike has just arranged to purchase a $400,000 vacation home in the Bahamas
with a 20 percent down payment. The mortgage has an 8 percent stated annual
interest rate, compounded monthly, and calls for equal monthly payment over
the next 30 years. His first payment will be due one month from now.
However, the mortgage has an eight-year balloon payment, meaning that the
ballance of the loan must be paid off at the end of year 8. There were no
other transaction costs or finance charges. How much will Mike's balloon
payment be in eight years??
請各位幫忙一下吧...請高手幫小弟解題一下...
非常非常感謝啦...
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