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1. For the $180,000 loan we have been considering, (monthly payments, 8% interest, 25 years) calculate the effective yield (IRR) to the lender if the
1. For the $180,000 loan we have been considering, (monthly payments, 8% interest, 25 years) calculate the effective yield (IRR) to the lender if the mortgage is paid off in five years. N = 60 months PMT = $1,389.27 1 = 8% PV = $180,000 P/Yr - 12 FV = $166,093.19 IRR = 8%
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
