A bank offers you two rates. The first is a 5% rate on a 30 year self
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Question:
- A bank offers you two rates. The first is a 5% rate on a 30 year self liquidating mortgage for 75% of the 400,000 value. The second option is 7.5% for 90% financing also on 30 year amortization. What is the marginal cost of borrowing.
How would you put the question in a financial calculator what would be N,I/y,Pv,fv,Pmt.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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