Question
Please solve using a BA II calculator. The actual prepayment penalty under the terms of the apartment building owners mortgage is 2% of the balance
Please solve using a BA II calculator.
The actual prepayment penalty under the terms of the apartment building owners mortgage is 2% of the balance of the loan. If the owner goes ahead with the refinancing, what was the effective interest rate on the loan over the original ten years? On a $6,000,000, 30 yr, 7.5% Mortgage, With refinance rate of 6%?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
9th Edition
0814408648, 978-0814408643
