Question
Suppose borrow $100,000 at a rate of 4% (annual) with a 30 year maturity. Suppose rate is locked for 5 years, and will reset to
| Suppose borrow $100,000 at a rate of 4% (annual) with a 30 year maturity. Suppose rate is locked for 5 years, and will reset to 6% at year 6. What will be the monthly payment at year 6 when the loan resets?
|
| $477,18 | ||
| $612.02 | ||
| $582.72 | ||
| $1040.02 |
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The Handbook Of Loan Syndications And Trading
Authors: Marsh, Lee Shaiman, Bridget Marsh
2nd Edition
1264258526, 978-1264258529
