Business, 24.10.2019 21:43 Kelshonti15
An investor has $60,000 to invest in a $280,000 property. he can obtain either a $230,000 loan at 8.5% for 20 years or an $180,000 loan at 9% for 20 years and a second mortgage for $40,000 at 11% for 20 years. all loans require monthly payments and are fully amortizing. • what alternative should the investor choose, assuming ownership 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 $230,000 loan at 8....
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