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Can you please show me calculations, not just the answers? thank you! 1. You are an investor that is looking to purchase distressed property or
Can you please show me calculations, not just the answers? thank you!
1. You are an investor that is looking to purchase distressed property or notes. You come across a $100,000 mortgage loan at 4.00% on a 30-year amortization schedule which closed five days ago. Sudden changes in the market have driven interest rates to 6.00%. The investor is willing to sell the note at a 15% discount to the original face amount of $100,000. a. Would you buy the Note? b. Would you buy the Note if the discount was 25%Step by Step Solution
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