It is reported that a 99-year license to use a parking spot at 42 Crosby in New York City is priced at $1 million. The licensee will have to cease using the parking spot thereafter. If the interest rate is fixed at 0.5% per month for the next 99 years, what is the fixed monthly payment on an equivalent 99-year mortgage to finance this purchase

Question

Isaiahbakinaki2526idn Isaiahbakinaki2526idn

01-02-2021
Business

Answered

Connect with experts and get insightful answers to your questions on IDNLearn.com. Our community provides accurate and timely answers to help you understand and solve any issue.

It is reported that a 99-year license to use a parking spot at 42 Crosby in New York City is priced at $1 million. The licensee will have to cease using the parking spot thereafter. If the interest rate is fixed at 0.5% per month for the next 99 years, what is the fixed monthly payment on an equivalent 99-year mortgage to finance this purchase

Sagot :

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.

Which Observation Could Lead To The Conclusion that An Object Is Nonliving? (1) It Passes On Hereditary Information Only through Asexual Reproduction. (2) It Ca

Literacy Tests And Grandfather Clauses Were Enacted In The South After The Reconstruction Era Primarily To (1) Increase The Number Of Women Voters

What's The Difference Between Static Electricity And Current Electricity?

Part B Essay Directions: Write A Well-organized Essay That Includes An Introduction, Several Paragraphs, And A Conclusion. Use Evidence From At Leas

Which Heading Best Completes The Partial Outline Below? I. _______ A. Development Of A Stable Food Supply B. Establishment Of Perman

After The Civil War, The Sharecropping System Emerged In The South Primarily As A Way To (1) Diversify Agricultural Production (2) Provide A Labor Sup

Which Event Most Influenced President Woodrow Wilson’s Decision To Enter World War I? (1) Defeat Of Russia By Germany (2) Assassination Of Archduke Fr

Which Statement Best Describes How The Status Of African Americans In The South Changed Soon After The End Of Reconstruction In 1877? (1) The Supreme

The Word Part Neur Is The Greek Root For Nerve. Which Word Means "the Study Of Diseases Of The Nervous System"? Neurology Neurotomy Neuropathology

During The Late 180os, The Principles Of Social Darwinism And Laissez-faire Economics Were Most Closely Associated With The Interests Of (1) Farmers