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please dont solve it with excel. write solution in paper, thank you very much. Question is not incomplete sir, someone has solved it with excel
please dont solve it with excel. write solution in paper, thank you very much. Question is not incomplete sir, someone has solved it with excel but tbh i didnt understand it at all
3. A mortgage borrower has an outstanding debt at interest rate of J12= ....% and ... $monthly payments for 69 months remaining today. Another bank is offering the same monthly payments but for 63 months only at a lower interest rate. For the refinancing, borrower has to pay ..... $ expense today. Decide if the borrower should refinance the debt or not by showing the difference of discounted values of two alternatives. (hint: you must use the same interest rate for discounting two options to be able to compare) Determine the values in the spaces given and solve them step by step. 3. A mortgage borrower has an outstanding debt at interest rate of J12= ....% and ... $monthly payments for 69 months remaining today. Another bank is offering the same monthly payments but for 63 months only at a lower interest rate. For the refinancing, borrower has to pay ..... $ expense today. Decide if the borrower should refinance the debt or not by showing the difference of discounted values of two alternatives. (hint: you must use the same interest rate for discounting two options to be able to compare) Determine the values in the spaces given and solve them step by stepStep by Step Solution
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