Question
Ann is looking for a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,250,000. Mortgage A has a 4.38% interest rate and requires
Ann is looking for a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,250,000.
Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront.
Assuming Ann makes payments for 2 years, then immediately sells the house and pays the bank the balance, what is Anns annualized IRR from mortgage A?
| 6.18% | ||
| 3.18% | ||
| 5.18% | ||
| 4.18% |
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The Complete Personal Finance Handbook
Authors: Teri B Clark
1st Edition
160138047X, 978-1601380470
