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Financial how to calculate interest, for unfinished property

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warrenbuffett
post Apr 1 2019, 09:30 PM

On my way
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Joined: Apr 2017


Question, if my loan is 500 000, so at the 3rd years, total money disbursed will be around 80%, so is it I need to pay 400 000 *4.5% = 18k per year.

So, it looks like the total progressive interest I have to pay for a rm500k project will be 20k ++.

Is my calculation correct?

Why people keep telling me buying new launching is better than sub sale, can save that save there but I don't see it. The progressive interest might even more than all cost involved for a subsale project.

Correct me if I am wrong.

This post has been edited by warrenbuffett: Apr 1 2019, 09:31 PM

 

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