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2. Loan = $186,000; 3.4% over 30 years. 2.5 points. Lender loan origination fees of $1,400. Equifax credit report cost = $140. Property survey =
2. Loan = $186,000; 3.4% over 30 years. 2.5 points. Lender loan origination fees of $1,400. Equifax credit report cost = $140. Property survey = $1,100.
Find:
1.Lenders yield
2.APR
3.EBC
- Find all three assuming prepayment in seven years.
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
