Question
A borrower has secured a 30 year, $150,000 loan at 7% with monthly payments.Fifteen years later, an investor wants to purchase the loan from the
A borrower has secured a 30 year, $150,000 loan at 7% with monthly payments.Fifteen years later, an investor wants to purchase the loan from the lender.If market interest rates are 5%, what would the investor be willing to pay for the loan?
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Financial Terms Dictionary Investment Terminology Explained
Authors: Thomas Herold, Wesley Crowder
1st Edition
1521725764, 978-1521725764
