A loan for $50,000 is made for 10 years at 8 percent interest and no monthly payments

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A loan for $50,000 is made for 10 years at 8 percent interest and no monthly payments are scheduled.

a. How much will be due at the end of 10 years?

b. What will be the yield to the lender if it is repaid after 8 years? (Assume monthly compounding.)

c. If 1 point is charged in (b) what will be the yield to the lender?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Question Posted: Sep 26, 2018 12:31 PM

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A loan for $50,000 is made for 10 years at 8 percent interest and no monthly payments

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Real Estate Finance and Investments

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