Question
You make a 5 year loan to a partner of yours to fund a joint real estate investment. The terms of the loan are as
You make a 5 year loan to a partner of yours to fund a joint real estate investment. The terms of the loan are as follows;
| Loan Amount | $250,000 |
| Payments | $1,900/month |
| Balloon Payment (EOY 5) | $200,000 1 time |
What is the annual yield rate for this proposed loan?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
