Question
LukeWalkskyer wants to buy your mortgage. The original balance of your mortgage was $200,000 and was obtained five years ago with monthly payments at 12
LukeWalkskyer wants to buy your mortgage. The original balance of your mortgage was $200,000 and was obtained five years ago with monthly payments at 12 percent interest. The loan was to be fully amortized over 20 years. What should Walkskyer pay if market rates are 11%?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
