Remaining Time: 38 minutes, 47 seconds. Question Completion Status: QUESTION 15 Ann got a 30 year Fully Amortizing FRM for $1,000,000 an annual interest rate of 5% compounded monthly, with monthly payments. Afer 5 years of payments, Ann an refinance the balance into a 25 year Fully Amortiering FRM at an annual interest rate of 4% compounded monthly, with monthly payments Refinancing will cost Ann 1 point and $1,500 in dosing costa 5 points # Ann refinances into this loan and make payments for 25 years, what will be her annualized IRR from refinancing? 4.88% 58.54% 5438% 62.54 QUESTION 16 Spointa Jill buys a house for $150,000 with no mortgages buying costs were 5% of the house price ves there for exactly 30 years and sell Suppose the price show grows 35% per year (compounded annually) and selling expenses are 8% of the sales prce Suppose Je's annual cost of ownership of tonge sadly equal to the annual rent she would have paid to live in the same house What is Jesu IR from owning ret of renting? 3.50% 3.21% 3.339 3.05% MacBook Air Remaining Time: 38 minutes, 47 seconds. Question Completion Status: QUESTION 15 Ann got a 30 year Fully Amortizing FRM for $1,000,000 an annual interest rate of 5% compounded monthly, with monthly payments. Afer 5 years of payments, Ann an refinance the balance into a 25 year Fully Amortiering FRM at an annual interest rate of 4% compounded monthly, with monthly payments Refinancing will cost Ann 1 point and $1,500 in dosing costa 5 points # Ann refinances into this loan and make payments for 25 years, what will be her annualized IRR from refinancing? 4.88% 58.54% 5438% 62.54 QUESTION 16 Spointa Jill buys a house for $150,000 with no mortgages buying costs were 5% of the house price ves there for exactly 30 years and sell Suppose the price show grows 35% per year (compounded annually) and selling expenses are 8% of the sales prce Suppose Je's annual cost of ownership of tonge sadly equal to the annual rent she would have paid to live in the same house What is Jesu IR from owning ret of renting? 3.50% 3.21% 3.339 3.05% MacBook Air