Literary terms and their definitions for students in Ms. Cox's English 10 Honors at Cardinal Gibbons High School, 2012-2013.
Maximum mortgages in Spain. Mortgages are granted on a percentage of the valuation, which itself is usually below the market value. The maximum mortgage in Spain is usually 80 per cent of the purchase price for a principal home ( vivienda habitual) and 50 to 60 per cent for a second home (segunda residencÃ­a). The normal term is 10 to 15 years, although mortgages can be repaid over 10 to 50 years.
The nominal interest is 12% per year, so the nominal. interest rate per 6 mo is 6%. The effective interest rate. per 6 mo. is also 6% since the compounding period. equals to the interest rate period (6 mo.). Chapter 4 Nominal and Effective Interest. Rates 20.