Sorry, the 20% is not 461,000 that was for a different house that I had to do!, the 20% is $448,492.208 which then I would need to have rounded up to $449,000 so its per thousand which was for my other questions.
Yes interest is charged at 6.5% p.a
Option 2 question
Oh thank you, I was not sure what Formula would be needed to solve/find the answer to option 2 (dot point 2)
What I mean is that the $1 every week for rent whichwould equivelate to $550 rent per week
Ive worked out most of the calculations. Pretty much anything in brackets next to the dot points I have worked out but I need help with factoring in the last two dot points of option 1 and I am struggling to work out the last dot point in option 2, I dont mean to ask for you to do it, I meant help, im sorry