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A mortgage has monthly payments of $1850. The mortgage was originally amortized over 30 years five years ago so there are 25 years left. The
A mortgage has monthly payments of $1850. The mortgage was originally amortized over 30 years five years ago so there are 25 years left. The current interest rate is 6%. If the lender sells the mortgage, what is its value today? Select one of the following: a. The original interest rate needs to be known b. The future cash flows and the current interest rate are all that's required so the answer is $287,133 c. The future cash flows and the current interest rate are all that's required so the answer is $1,282,039
A mortgage has monthly payments of $1850. The mortgage was originally amortized over 30 years five years ago so there are 25 years left. The current interest rate is 6%. If the lender sells the mortgage, what is its value today? Select one of the following:
a. The original interest rate needs to be known
b. The future cash flows and the current interest rate are all that's required so the answer is $287,133
c. The future cash flows and the current interest rate are all that's required so the answer is $1,282,039
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Health Care Finance Economics And Policy For Nurses
Authors: Betty Rambur
2nd Edition
0826152538, 978-0826152534
