ctrm/ cash budget

Hi,
I have a question that at one point says that a land has been purchase @110000£ and that 80% will be paid in month 4 and the balance in month 5. There are also legal fee of 5% for the purchase on month 4.
could you please help me to figure out how much I have to pay in month 4 and in month 5?(it s look very easy but I want to double check )
thanks in advance.
G.

Comments

  • Pian32
    Pian32 MAAT Posts: 448
    Month 4
    110000 * 0.8 + 110000 * 0.05 = £93,500

    Month 5
    110000 * 0.2 = 22000
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