Question
Assume you borrow a PLAM of $ 120,000 for 30 years . Assume the real interest rate is 5 % and inflation is expected to
Assume you borrow a PLAM of $ 120,000 for 30 years . Assume the real interest rate is 5 % and inflation is expected to be 3 every year , if the lender also charges total 5 points upfront , what is the effective annual rate on this loan if you pay off at the end of year 2 ?
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
