Question: QUESTION 10 Smith is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $450,000. Mortgage A has a 4.25% interest

QUESTION 10 Smith is looking for a fully amortizing 30 year

QUESTION 10 Smith is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $450,000. Mortgage A has a 4.25% interest rate and requires Smith to pay 1.5 points upfront. Mortgage B has a 5% interest rate and requires Smith to pay zero fees upfront. Assuming Smith makes payments for 30 years, what is Smith's annualized IRR from mortgage A? QUESTION 11 Smith is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $450,000. Mortgage A has a 4.25% interest rate and requires Smith to pay 1.5 points upfront. Mortgage B has a 5% interest rate and requires Smith to pay zero fees upfront. Assuming Smith makes payments for 30 years, what is Smith's annualized IRR from mortgage B

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