Question
you are a lender and an eager real estate investor comes to you for a loan. After some negotiation, you give them the following terms:
you are a lender and an eager real estate investor comes to you for a loan. After some negotiation, you give them the following terms: Term: 30 years Monthly payment: $1550 Interest rate: 5.5% What is the most that you would be willing to provide to the borrower?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
