thank you guys for all your comments i appreciate it all the help i can get

actaully no my first attempt was wrong i forgot 2.5% selling

my answer is d 17,400

2.5% of 438,000 is 10950

selling price minus original cost is 438,000 – 400 000 = 38,000

38,000 – 10950 = 27 050

this 27 050 minus the negative net annual cash flow of 9 650 = 17 400

therefor mu answer is d 17 400

is this right

my answer is is B 28 350
due to the fact that this is an interest only loan so subtract 400,000 from the selling price of 438,000 which leaves you with 38,000.

then subtract 9,650 from 38,000

which will leave you left with 28 350

i dont no if this is right seems abit to easy n obvious plz sum1 let me no if im on the right track ive only jst…[Read more]