A borrower has arranged a $105,000 face value, bonused mortgage loan with a broker at an interest
Question:
a. A five-year term?
b. A 10-year term?
c. The entire 15-year amortization period? Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
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Monthly payments are based on PV 105000 n 1215 180 i 1082 54 and c 212 01...View the full answer
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