Question
Loan = $186,000; 3.4% over 30 years. 2.5 points. Lender loan origination fees of $1,400. Equifax credit report cost = $140. Property survey = $1,100.
Loan = $186,000; 3.4% over 30 years. 2.5 points. Lender loan origination fees of $1,400. Equifax credit report cost = $140. Property survey = $1,100.
Question 1: Find:
1.Lenders yield
2.APR
3.EBC
Question 2: Find all three assuming prepayment in seven years
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
