Question
You need to borrow $2,700,000 for your first investment. You have two loan alternatives to choose from. Loan A is available at 6 percent interest
You need to borrow $2,700,000 for your first investment. You have two loan alternatives to choose from. Loan A is available at 6 percent interest with 2 points while Loan B comes with 6.4 percent interest and 1 point. Both loans are for 20 years. a. If the loan is repaid after 8 years, which loan would be the better choice? b. If the loan is repaid after 4 years, which loan is the better choice?
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Personal Financial Planning For Executives And Entrepreneurs
Authors: Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes
1st Edition
3030405273, 978-3030405274
