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Show all workings and answers please and thanks A lender has offered you either a $200,000 30-year FRM Loan at 4.8% or a $220,000 30-year
Show all workings and answers please and thanks
A lender has offered you either a $200,000 30-year FRM Loan at 4.8% or a $220,000 30-year FRM loan at 5.16%. If you do not intend to prepay either loan, under what main criteria should you select the larger loan if both loans have $2,000 of origination fees? Be sure to show any necessary calculations A lender has offered you either a $200,000 30-year FRM Loan at 4.8% or a $220,000 30-year FRM loan at 5.16%. If you do not intend to prepay either loan, under what main criteria should you select the larger loan if both loans have $2,000 of origination fees? Be sure to show any necessary calculationsStep by Step Solution
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