I wonder what the amortization is on a $12M house. I know the fees to live in at Bama are VERY high. But can a house be paid for in 50 years?
Couldn't find a calculator online that would handle over $9,999,999. But that amount at 3.5 % interest (UA bond money rate that was in effect 4 years ago) over 50 years divided by 400 members comes to about $88 a month per woman.
Couldn't find a calculator online that would handle over $9,999,999. But that amount at 3.5 % interest (UA bond money rate that was in effect 4 years ago) over 50 years divided by 400 members comes to about $88 a month per woman.
Thanks. I was good at math in high school (got a perfect score on that part of the ACT) but man oh man that withers if not used. So it is absolutely a reasonable investment. Thanks for clarifying that for me.
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