Business
Business, 21.02.2020 00:02, kayolaaaa53

An investor has $60,000 to invest in a $280,000 property. He can obtain either a $220,000 loan at 9.5% for 20 years or a $180,000 loan at 9% for 20 years and a second mortgage for $40,000 at 13% for 20 years. All loans require monthly payments and are fully amortizing. Which alternative should the borrower choose, assuming he will own the property for the full loan term?+

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An investor has $60,000 to invest in a $280,000 property. He can obtain either a $220,000 loan at 9....

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