Question: PLEASE SHOW FORMULA USED ( NOT FROM EXCEL) AND STEPS USING A FINANCIAL CALC 10. Ann is looking for a fully amortizing 30 year Fixed

PLEASE SHOW FORMULA USED ( NOT FROM EXCEL) AND STEPS USING A FINANCIAL CALC

10. Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $135,000. Mortgage A has a 5.25% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 30 years, what is Anns annualized IRR from mortgage A?

11. Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $135,000.

Mortgage A has a 5.25% interest rate and requires Ann to pay 1.5 points upfront.

Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront.

Assuming Ann makes payments for 30 years, what is Anns annualized IRR from mortgage B?

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