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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 9
On the following loan, what is the best estimate of the effective borrowing cost if the loan is prepaid in six years
A) 8.2 percent.
B) 8.4 percent.
C) 8.5 percent.
D) 8.7 percent.
E) 9.0 percent.
A) 8.2 percent.
B) 8.4 percent.
C) 8.5 percent.
D) 8.7 percent.
E) 9.0 percent.
Explanation
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Here, the loan amount is $100,000 with 7...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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