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excel answers if possible please 1. Countrywide wants to buy your fixed-rate mortgage fram the local savings and loan. The ariginal balance of your mortgage
excel answers if possible please
1. Countrywide wants to buy your fixed-rate mortgage fram the local savings and loan. The ariginal balance of your mortgage was $300.000 and was obtained 5 years at 7% for 30 years. 10pts (a) What should Countrywide pay if market rates are currently 5% ? 10pts (b) How would your answer change if Countrywide expected the loan to be repaid after five years Step by Step Solution
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