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Considering the following information, what is the NPV if the borrower refinances the loan? Expected holding period 15 years current loan balance $100.000 current loan

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Considering the following information, what is the NPV if the borrower refinances the loan? Expected holding period 15 years current loan balance $100.000 current loan interest 7%, current loon mortgage payment $898 33. remaining torm on current mortgage: 15 years, new loan interest 55% new loon mortgage payment $8708. new loontent 15 years cost of refinancing $5.000. Assume that the opportunity cost is the interest rate on the new foon (55 Multiple Choice SS 00000 -55652 549334 O 3094348 Considering the following information, what is the NPV if the borrower refinances the loan? Expected holding period 15 years: current loan balance: $100,000: current loan interest 7%, current loan mortgage payment $898.33. remaining term on current mortgage: 15 years, new loan interest: 55% new loan mortgage payment $81708new loan term 15 years, cost of refinancing: $5,000. Assume that the opportunity cost is the interest rate on the new loan (5.5%) $500000 () -$56.52 S4,94348 () $9.94348

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