Question
A borrower has secured a 30 year, $263,000 loan at 7% with monthly payments. 15 years later, an investor wants to purchase the loan from
A borrower has secured a 30 year, $263,000 loan at 7% with monthly payments. 15 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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Renewable Energy Finance Funding The Future Of Energy
Authors: Charles W Donovan
2nd Edition
1786348594, 9781786348593
