Question: She obtains a 30 year fully amortizing fixed rate mor with 80% LTV, an annual interest rate of 4%, with m compounding and monthly payments.

She obtains a 30 year fully amortizing fixed rate mor with

She obtains a 30 year fully amortizing fixed rate mor with 80% LTV, an annual interest rate of 4%, with m compounding and monthly payments. The mortgage prepayment penalty if the borrower prepays in the fir years. Suppose Ann makes the required monthly pay 3 years and prepays after her final monthly payment end of 3 years. What is the annual IRR on Ann's mor

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