Question
Assume Jack gets a 30-year $250,000 FA-FRM with a 7% interest rate from ABC bank in order to obtain a house in New Jersey. a.
Assume Jack gets a 30-year $250,000 FA-FRM with a 7% interest rate from ABC bank in order to obtain a house in New Jersey. a. Given an 80% LTV ratio how much is his house of interest worth? b. If house appreciates 6% annually each year for next 3 years, what will its worth be? c. What would ABC bank lend at an 80% LTV after 3 years?.
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
