here is one :
A group of rural students is planning to go to university. One of the members of the group suggests that they purchase an older home rather than rent an apartment. After a careful analysis of their finances, the group decides that their gross monthly income would be around $3000.00. Monthly property taxes are estimated to be $125.00. Heating bills are estimated to be $150.00. The group can arrange a mortgage at a rate of 9%. The three members of the group are able to come up with a down payment of $8000.00. Determine the maximum affordable purchase price that can be considered if they take out a 25-year mortgage.
just have to remember that the mortgage in Canada is compounded twice a year....
the others are mostly the same......
there's some homework too....
i didn't scribe last night so............sorry
i'll scribe for today too!!! :(
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