Question
If a lender is evaluating the IRR on a loan with a principal amount of $300,000, a rate of 5.5%, upfront lender fees of $5,000,
If a lender is evaluating the IRR on a loan with a principal amount of $300,000, a rate of 5.5%, upfront lender fees of $5,000, and an original term of 180 months. What will the IRR be if it is run to the full term of the loan?
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
