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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 19
A mortgage banker is originating a level-payment mortgage with the following terms:
a. Calculate the annual percentage rate (APR) for Truth-in- Lending purposes.
b. Calculate the lender's yield with no prepayment.
c. Calculate the lender's yield with prepayment in five years.
d. Calculate the effective borrowing cost with prepayment in five years.
a. Calculate the annual percentage rate (APR) for Truth-in- Lending purposes.
b. Calculate the lender's yield with no prepayment.
c. Calculate the lender's yield with prepayment in five years.
d. Calculate the effective borrowing cost with prepayment in five years.
Explanation
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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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