Question
Secondary Mortgage Purchasing Company (SMPC) wants to buy your mortgage from the local bank. The original balance was $140,000 and was obtained 5 years ago
Secondary Mortgage Purchasing Company (SMPC) wants to buy your mortgage from the local bank. The original balance was $140,000 and was obtained 5 years ago with monthly payments at a 10% interest rate. The loan was to be fully amortized over 30 years. What would SMPC pay if it wanted an 11% return?
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Handbook Of Energy Finance Theories Practices And Simulations
Authors: Stéphane Goutte, Duc Khuong Nguyen
1st Edition
9813278374, 978-9813278370
