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Q18 Bill and Wanda are considering buying a home valued at $425000. The bank has offered them a 30year loan with monthly payment at a
Q18 Bill and Wanda are considering buying a home valued at $425000. The bank has offered them a 30year loan with monthly payment at a rate of 4.10% 1, if bill and wanda believe they will relocate and sell the house in 8 years, how much will they owe the bank at that time? 2. with respect to the above loan to Bill and wanda, if the bank offered the loan with 2 points, what would the lender's yield be ?I on 18 a $45.00. The banhas offered them a year loan whore Q18 Bill and Wanda are considering buying a home valued at $425000. The bank has offered them a 30year loan with monthly payment at a rate of 4.10% 1, if bill and wanda believe they will relocate and sell the house in 8 years, how much will they owe the bank at that time? 2. with respect to the above loan to Bill and wanda, if the bank offered the loan with 2 points, what would the lender's yield be ?I on 18 a $45.00. The banhas offered them a year loan whore
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