Thursday
December 18, 2014

Homework Help: U.S. and Global Economics: Involving MATH

Posted by Mary on Wednesday, November 13, 2013 at 2:02pm.

PLZZZ.. Help I just don't understand how to calculate this

A landlord wants to acquire an additional apartment building for $250,000. The new building contains eight apartment units, which will each rent for $500 per month. The bank is willing to loan the landlord the money for a long-term, 30-year loan at a 5.5 percent interest rate. Calculate the monthly payment, and explain whether taking this loan for the new building is a smart business decision.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - Week 3 Homework Please answer the following questions: 1. The ...
economics - Review: Full, Anonymous: No Week 3 Homework Please answer the ...
math - Matthew parks his car between Karenís and Patrickís apartment buildings. ...
geometry - Benji is 55 ft from the base of his apartment building in New York ...
business - Construction of a new plant: Architect's fees $ 4,000 Cash paid for ...
math - Write and solve an equation to model the situation: two friends are ...
Intro to Social Work - Your role is as a social worker for a group of low-income...
U.S. and Global Economics:Involving math - Just show me how to calculate it and ...
Math - If the floor plan of a new building is shown the building cost $35.00 a ...
Accounting/Office admin - It is the beginning of a new year and you just ...

Search
Members