Capitalized monthly on the initial payment

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You buy an apartment appraised today at 2,000 UF. You will pay it with a down payment of 30% of the total value (consisting of 100 UF per day and 6 monthly payments due from the time of purchase). The remaining 70% will be paid in 20 years with monthly installments, which will begin only once the payment of the 6 initial installments is completed. Obtain the value of the payments, assuming that the interest rate is 10.8% capitalized monthly on the initial payment and 8.16% effective annual interest on the remaining payments.

Reference no: EM133071965

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