(a) John, aged 70, has a house worth $500,000. He intends to borrow $100,000 as a lump sum. If the interest rate is 10% p.a. payable annually (i=10%), and house prices increase by 3% p.a. (f = 3%), what is the percentage equity in 15 years?
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https://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.png00adminhttps://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.pngadmin2021-11-11 00:46:082021-11-11 00:46:08(a) John, aged 70, has a house worth $500,000. He intends to borrow $100,000 as a lump sum. If the i