Question
The agreed upon price of $685,000. I plan on a down-payment of $175,000 and borrowing the remainder. My lender has approved me for a 30-year
The agreed upon price of $685,000. I plan on a down-payment of $175,000 and borrowing the remainder. My lender has approved me for a 30-year loan with an APR of 3.5% and monthly compounding. Assume this is a fixed rate loan.
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Calculate the monthly payment that I would need to make beginning one month from now. Assume this is the monthly payment that would fully amortize the loan over the course of the loan.
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What would be the outstanding loan balance after 5 years
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Securitisation Derivatives A Practioner's Handbook
Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson
1st Edition
1119532272, 978-1119532279
