How to compare loan options that have and do not have interest rates.

Anonymous
timer Asked: Apr 28th, 2016

Question description

Standard Homes offers a mortgage loan with a down payment of $150,000 and the balance is financed by a 7% p.a. period is 30 years Bizarre Properties owns a finance company which offers you a mortgage with a down payment of $100,000 You only need to pay a lump sum of $6,000,000 at the end of year 2 (no interest rate). Discuss how you would deal with the lack of an interest rate for Bizarre Properties. 

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