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A borrower bought a house for $ 2 0 0 . 0 0 0 : he can obtain an 8 0 % loan with
A borrower bought a house for $: he can obtain an loan with a year fully amortizing interest rate and monthly payment Alternatively, he could get a loan at with same term What is the incremental cost of borrowing the additional fund? Assume he will hold the loan for years
A borrower bought a house for $: he can obtain an loan with a year fully amortizing interest rate and monthly payment Alternatively, he could get a loan at with same term What is the incremental cost of borrowing the additional fund? Assume he will hold the loan for years
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