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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 11
Assume the following:
a. What is the monthly payment
b. What will be the loan balance at the end of nine years
c. What is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan goes to maturity
d. What is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan is prepaid at the end of year 9
a. What is the monthly payment
b. What will be the loan balance at the end of nine years
c. What is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan goes to maturity
d. What is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan is prepaid at the end of year 9
Explanation
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We are asked to calculate using the foll...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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