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Considering the following information, what is the NPV if the borrower refinances the loan? Expected holding period: 7 years Current loan balance: $ 4 0
Considering the following information, what is the NPV if the borrower refinances the loan?
Expected holding period: years
Current loan balance: $
Current loan interest:
Remaining term on current mortgage: years
New loan interest:
New loan term: years
Cost of refinancing: $
Assume that the opportunity cost is
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