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Answer the Question below with your own words - With Explanation please Consider a 10-year, fixed-rate mortgage for $100,000 at a nominal rate of 6%.
Answer the Question below with your own words - With Explanation please
- Consider a 10-year, fixed-rate mortgage for $100,000 at a nominal rate of 6%. What is the duration of the loan? If interest rates increase to 7% immediately after the mortgage is made, how much is the loan worth to the lender?
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The Ages Of The Investor A Critical Look At Life Cycle Investing
Authors: William J Bernstein
1st Edition
1478227133, 978-1478227137
