Answer:
$20,900 times the present value of a 5-year, 11% ordinary annuity of 1’
Explanation:
For computing the required initial investment we considered the following information
Withdrawn amount = $20,900
Time period = 5 years
Rate of interest = 11%
in mathematically,
= Withdrawn amount × Present value of a 5-year, 11% ordinary annuity of 1’
By this formula we can get the required initial investment
the preferred debt to income ratio is usually B 36%
A, the purpose of inspections is to verify there are not problems within the house itself whether those problems arise in the form of plumbing, electric, or the foundation to warn possible buyers.
