MGT MISC

Concordia University Chicago

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Principles of Real Estate 2 Study Guide | 100% Verified

Principles of Real Estate 2 Study Guide | 100% Verified
Other • 23 pages • 2023

Principles of Real Estate 2 Study Guide 1. Math calculation - principal, interest, term - page 261Interestis money paid at a particular rate for the use of money loaned to a person orentity. It is generally calculated on an annual percentage rate, and therefore:Yearly interest = Interest Rate (%) × PrincipalThe yearly interest is the Part. The interest rate is the %. Theprincipalis the Total. oLook at examples in the book for practice 2. Terminology associated with the real estate tran...