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It would be easy for if the problem is solved via excel thank you Homework Chapter 6 1 An 80% LTV loan is available for
It would be easy for if the problem is solved via excel
thank you
Homework Chapter 6 1 An 80% LTV loan is available for 8% amortized over 25 years. A 90% loan at 8.5% is also available with the same 25 year term. If the borrower is going to own the property over the entire loan term What is the incremental cost of borrowing the additional funds? b. How does the answer change if 2 points are charged on the 90% loan? How does the answer to question b. change if the borrower decides to pay off the loan in 5 years? a. CStep by Step Solution
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