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--------------- Please Solve As soon as Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir LG 6 Personal Finance Problem p9-18 Weighted average
--------------- Please Solve As soon as Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir
LG 6 Personal Finance Problem p9-18 Weighted average cost of capital Peter Chan has just acquired three houses by ob- taining three mortgage loans. They all mature in 15 years and can be repaid with out penalty any time before maturity. The amounts owed and the annual interest rate associated with each mortgage loan are given in the following table. Mortgage loan Balance due A $ $20,000 B 92,000 832,000 Annual interest rate 8% 12 6 Peter can also combine the total of his three loans (that is, $1,444,000) and create a consolidated loan from his wife. His wife will charge a 6.8% annual interest rate for a period of 15 years. Should Peter do nothing (leave the three individual loans as they are) or create a consolidated loan of $1,444,000Step by Step Solution
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