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2. A $100,000 mortgage loan at 10.00% on a 25-year amortization schedule has been performing well. However, it is now 10 years later and interest
2. A $100,000 mortgage loan at 10.00% on a 25-year amortization schedule has been performing well. However, it is now 10 years later and interest rates have risen to 12.00%. The Bank that holds the mortgage loan wants to sell it and they are willing to take a discount. How much is the loan worth if you wanted to purchase it today
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Digital Finance Big Data Start-ups And The Future Of Financial Services
Authors: Perry Beaumont
1st Edition
0367146797, 978-0367146795
