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Question 15 A commercial borrower has a $12,000,000 interest-only mortgage at 8% interest rate for 15 year. There is a lockout period of 10 years
Question 15 A commercial borrower has a $12,000,000 interest-only mortgage at 8% interest rate for 15 year. There is a lockout period of 10 years for the loan. The mortgage has a prepayment penalty if the borrower prepay. Assuming the loan is prepaid at the end of year 12 and the mortgage interest rate at that time is 7% How much is prepayment penalty, if the lender will charge a yield maintenance penalty. $326,522 $343,032 $353.480 $319.118 Previous Next > Question 15 A commercial borrower has a $12,000,000 interest-only mortgage at 8% interest rate for 15 year. There is a lockout period of 10 years for the loan. The mortgage has a prepayment penalty if the borrower prepay. Assuming the loan is prepaid at the end of year 12 and the mortgage interest rate at that time is 7% How much is prepayment penalty, if the lender will charge a yield maintenance penalty. $326,522 $343,032 $353.480 $319.118 Previous Next >
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
