Question: HW Ch 6 i Saved Help Save & Exit Submit Check my work 3 Secondary Mortgage Purchasing Company (SMPC) wants to buy your mortgage from

HW Ch 6 i Saved Help Save & Exit Submit Check my work 3 Secondary Mortgage Purchasing Company (SMPC) wants to buy your mortgage from the local savings and loan. The original balance of your mortgage was $156,000 and was obtained five years ago with monthly payments at 10 percent interest. The loan was to be fully amortized over 30 years. 10 points Required: a. What should SMPC pay if it wants an 11 percent return? Skipped b. What should SMPC pay if it wants an 11 percent return and it expects the loan to be repaid after an additional five years? eBook Complete this question by entering your answers in the tabs below. Print References Required A Required B What should SMPC pay if it wants an 11 percent return? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Payment

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