SL Amortization and Annuities

IB Maths Studies / Applications: SL Amortization and Annuities

The "2018 State of the Nation"s Housing" report from Harvard university states that more than 1 In 3 households pay over 30% of their income in housing costs (rental or mortgage payments). Furthermore, 18.8 million of households (2015: renters and house owners combined) or approximately 15% of the population, pay over 50% of their salary on housing (Harvard University"s "State of the Nation"s Housing 2017). For most...


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