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?
Pls show in excel.
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Cryptocurrency And Public Policy
Authors: Donavon Johnson
1st Edition
1032311231, 978-1032311234
