martin sostre

two partners in a business. one partner mortgaged business property to his co-partner for $15,000.00 at 12% a year interest. no payments were ever made for 17 years. how much is owed?

yhank you very much for solving the question i asked yesterday:the two parners in a business, one partner mortgaged business property to his co-partner for $15,000 at 12% interest. no payments were ever made for 17 yearsyour answer was "assuming the inter...

in new jersey compounding interest is prohibited.so whatwould be owed in the case of the business partner giving his co-partner a 15000 mortgage at 12%interest and no payments were made in 17 years.

thanks again for your answer to my question about a 15000 mortgage at 12%interest on which no payments were ever made for 17 years.your answer for smple interest (since n.j. prohibits compound interest)was "interest for the 17 years=15000(.12(12)= add tha...

thanks, igot it now. one more question: how many states prohibit compounding interest rates in mortgages?

how many states in the u.s.a. prohibit compouding interest in mortgages?

how many states in u.s.a. prohibit compound interest in mortgages?