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2 Jun 2021
John is going to expand. He has found a house with an extra apartment in the basement, which he has rented out for 150,000 euros a month. John's equity in the current apartment is 30 million. The house costs 100 million. It is possible to take out a 35-year equal-payment loan with monthly payments at the end of the period. The interest rate is 5.2% per year
a) In the basement of the house is an apartment that John can rent out for 150,000 euros per month. How much does john have to pay for himself?
b) What is the status of the loan with 15 years left?
c) How are the total payments on the loan divided over the period into interest and installments?
John is going to expand. He has found a house with an extra apartment in the basement, which he has rented out for 150,000 euros a month. John's equity in the current apartment is 30 million. The house costs 100 million. It is possible to take out a 35-year equal-payment loan with monthly payments at the end of the period. The interest rate is 5.2% per year
a) In the basement of the house is an apartment that John can rent out for 150,000 euros per month. How much does john have to pay for himself?
b) What is the status of the loan with 15 years left?
c) How are the total payments on the loan divided over the period into interest and installments?
3 Jun 2021