Question
8. Determine the yield-to-maturity at origination for the following mortgages Mortgage Monthly Payment ($) Maturity (In Months) Amount at origination($) Yield-to-Maturity A 500 360 50,000
8. Determine the yield-to-maturity at origination for the following mortgages
| Mortgage | Monthly Payment ($) | Maturity (In Months) | Amount at origination($) | Yield-to-Maturity |
| A | 500 | 360 | 50,000 |
|
| B | 600 | 360 | 65,000 |
|
| C | 550 | 260 | 62,000 |
|
| D | 550 | 300 | 60,000 |
|
The correct answers are:
a.
11.63%
b.
10.61%
c.
9.18%
d.
10.11%
I just need to see the work
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Criminal Capital How The Finance Industry Facilitates Crime
Authors: S. Platt
1st Edition
113733729X,1137337303
