Question
PLEASE SHOW HOW TO COMPLETE THIS IN EXCEL- THANK YOU A homeowner took out a 30-year fixed-rate mortgage of $150,000. The mortgage was taken out
PLEASE SHOW HOW TO COMPLETE THIS IN EXCEL- THANK YOU
A homeowner took out a 30-year fixed-rate mortgage of $150,000. The mortgage was taken out 7 years ago at a rate of 8.35 percent. If the homeowner refinances, the charges will be $2,600. What is the highest interest rate at which it would be beneficial to refinance the mortgage? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Manage Finances And Develop Financial Plans Running Your Business Better
Authors: Ian Birt
6th Edition
1925716368, 978-1925716368
