A loan for $53,000 is made for 10 years at 8 percent interest and no monthly payments

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A loan for $53,000 is made for 10 years at 8 percent interest and no monthly payments will be due (assuming monthly compounding).

a. How much will be due at the end of 10 years?

b. What will be the yield to the lender if it is repaid after eight years?

c. If 4 point is charged to the yield, what will be the new yield to the lender?

Related Book For answer-question

Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: May 18, 2024 09:17 AM

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A loan for $53,000 is made for 10 years at 8 percent interest and no monthly payments

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Real Estate Finance and Investments

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