If time has value, why are financial institutions often willing to extend you a 30-year mortgage at

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If time has value, why are financial institutions often willing to extend you a 30-year mortgage at a lower annual interest rate than they would charge for a one-year loan?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 07:53 AM

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If time has value, why are financial institutions often willing to extend you a 30-year mortgage at

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With a mortgage the house you purchase acts as collat...View the full answer

Money Banking and Financial Markets

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