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please answer parts A and B, thank you Secondary Mortgage Purchasing Company (SMPC) wants to buy your mortgage from the local savings and toan. The

please answer parts A and B, thank you image text in transcribed
Secondary Mortgage Purchasing Company (SMPC) wants to buy your mortgage from the local savings and toan. The original balance of your mortgage was $160.000 and was obtained five years ago with monthly payments at 10 percent interest. The loan was to be fully amortized over 30 years. Required: a. What should SMPC pay if it wants an 11 percent retum? b. What is the balance of the original loan after five additional years ito years (rom origination)? Complete this question by entering your answers in the tabs below. What should SMPC pay if it wants an 11 percent retum? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places

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