Dan got a 1 0 year Fixed Rate Mortgage for $ 1 0 0 , 0 0
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Question:
Dan got a year Fixed Rate Mortgage for $
The loan has constant annual payments and an annual interest rate of
There are no closing costs.
Suppose Dan prepays the loan in year
Compute the IRR for Dan's loan in the following cases:
a Fully Amortizing
b Partially Amortizing where the final balance is B$
c Interest Only
d Negatively Amortizing where the payment is PMT$
e Negatively Amortizing where the payment is PMT$
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