Question
A couple purchases a home for $300,000. In order to finanace this purchase they secure an 80% LTV ratio loan for 30 years. They choose
A couple purchases a home for $300,000. In order to finanace this purchase they secure an 80% LTV ratio loan for 30 years. They choose a loan with a 5% interest rate and 6 points with montly payments. What is the effective interest cost of this loan assuming it is held to maturity?
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Restructuring And Innovation In Banking
Authors: Claudio Scardovi
1st Edition
331940203X, 978-3319402031
