Business, 20.12.2021 01:00, smariedegray
A borrower purchased a property 15 years ago with a loan for $150,000 with monthly payments for 30 years at 7% interest. Today, mortgagee wishes to sell the loan to an investor. If market interest rates are 5%, how much would the investor be willing to pay for the loan assuming the loan does not allow prepayment
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A borrower purchased a property 15 years ago with a loan for $150,000 with monthly payments for 30 y...
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