Multiple Choice
Considering the following information,what is the NPV if the borrower refinances the loan? Expected holding period: 15 years,Current loan balance: $100,000,Current loan interest: 9 %,New loan interest: 7.5 %,Cost of refinancing: $4,250
A) -$5,003
B) -$1,014
C) $5,163
D) $9,413
Correct Answer:
Verified
Correct Answer:
Verified
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