Question
A lender makes a loan of $200,000 and charges one discount point. The interest rate is 12% and the term is 15 years with monthly
A lender makes a loan of $200,000 and charges one discount point. The interest rate is 12% and the term is 15 years with monthly payments. what would be the borrowers EBC if the borrower pays off the loan at the end of the 10th year?
Please provide detailed steps through excel, and excel formula used to compute all of these
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100 Day Money Saving Challenge
Authors: Clubby Parrot
1st Edition
B0CN9F4XBJ
