Question: please complete a and b, thank you A buider is offering $111.797 loans for his properties at 9 percent for 25 years. Monthly payments are

A buider is offering $111.797 loans for his properties at 9 percent for 25 years. Monthly payments are based on current makket tates of 9.5 percent and are to be fully amortized over 25 years. The property would normally sell for $120,000 without any special financing. Required: a. At what price should the buidet sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years b. At what price should the builder sell the properties to earn. in effect. the market rate of interest on the loan if the property is tesold after 10 years and the loan repaid? Complete this question by entering your answers in the tabs below. At what price should tha bulider sell the propertiee to warn, in effect, the market rigte of interest on the loan? Asaune that the buyer would have the loan for the entire term of 25 years, (Do not round intarenediate calculations, Hound your finail answer to tha nearest whole dollar amount?) Complete this question by entering your answers in the tabs below. At what price should the builder sell the properties to eam, in effect, the market rate of interest on the loan if the property ii resold after 10 years and the loan repaid? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) A buider is offering $111.797 loans for his properties at 9 percent for 25 years. Monthly payments are based on current makket tates of 9.5 percent and are to be fully amortized over 25 years. The property would normally sell for $120,000 without any special financing. Required: a. At what price should the buidet sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years b. At what price should the builder sell the properties to earn. in effect. the market rate of interest on the loan if the property is tesold after 10 years and the loan repaid? Complete this question by entering your answers in the tabs below. At what price should tha bulider sell the propertiee to warn, in effect, the market rigte of interest on the loan? Asaune that the buyer would have the loan for the entire term of 25 years, (Do not round intarenediate calculations, Hound your finail answer to tha nearest whole dollar amount?) Complete this question by entering your answers in the tabs below. At what price should the builder sell the properties to eam, in effect, the market rate of interest on the loan if the property ii resold after 10 years and the loan repaid? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)
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