Question
Please Solve Using BAII Calculator Strokes The owner of an apartment building obtains a $6,000,000 30-year, 7.5% mortgage. Ten years later the prevailing rate on
Please Solve Using BAII Calculator Strokes
The owner of an apartment building obtains a $6,000,000 30-year, 7.5% mortgage. Ten years later the prevailing rate on properties similar to his is 6%. What is the maximum penalty the owner would be willing to pay in order to refinance?
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
