You made a $50,000 down payment to buy an apartment building. you got a loan from a bank for the rest of the cost. each month, you pay the bank $1,500 on the loan. you charge $1,000 per month to rent each of the 6 apartments. how many months will it take you to make a profit? round to the next full month.
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Home » Mathematics » You made a $50,000 down payment to buy an apartment building. you got a loan from a bank for the rest of the cost. each month, you pay the bank $1,500 on the loan. you charge $1,000 per month to rent each of the 6 apartments.