Question
9.What is the balance at the need of Year 10 on a loan with the following loan assumptions using the PV Method or tables? Loan
9.What is the balance at the need of Year 10 on a loan with the following loan assumptions using the PV Method or tables?
Loan Amount $100,000
Interest Rate 8%
Amortization Period 25 Years
Payments Per Year 12
10. On question 9 if the lender charged 2 discount points what is the lenders effective yield if the loan is outstanding for 10 years
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Fundamentals Of Financial Planning
Authors: Michael A Dalton, Joseph Gillice
3rd Edition
1936602091, 9781936602094
