Question: Riley is looking for a fully amortizing 3 0 year Fixed Rate Mortgage with monthly payments for $ 8 0 0 , 0 0 0

Riley is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $800,000. Mortgage B has a 6.61% interest rate and requires Riley to pay zero fees upfront. Assuming Riley makes payments for 30 years, what is Rileys annualized IRR from mortgage B? Write your answer as a percent rounded to two decimal points without the % sign (e.g. if you get 5.6499%, write 5.65) Your Answer:

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