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Kozak92
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I'm stuck on this one question which has me stumped. Rest of my answers are awesomely correct but I can't for the life of me figure it out. Its probably something really simple but my minds in relax mode after 8.30..
Ying Yang wants to buy a house for 150,000. She has saved some money for a deposite and will borrow the rest at 8%p.a. She will replay the loan over fifteen years, paying 1195 monthly.
iv) How much will she borrow?
v) How much has she saved for a deposit?
Answers are:
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Ying Yang wants to buy a house for 150,000. She has saved some money for a deposite and will borrow the rest at 8%p.a. She will replay the loan over fifteen years, paying 1195 monthly.
iv) How much will she borrow?
v) How much has she saved for a deposit?
Answers are:
iv) 125,000
v) 25,000
v) 25,000