Business, 18.12.2019 21:31 niquermonroeee
Abank has agreed to lend you $53,000 for a home loan. the loan will be fully amortized over 39 years at 13.50%, with .44 points. the loan payments will be monthly. the closing cost is estimated to be $3,894 and you plan to refinance the mortgage in 8 years. calculate the book value at the end of the 8th year.
a. $57,222.99
b. $56,749.94
c. $56,613.10
d. $56,556.08
e. none of the answers are correct
Answers: 3
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Abank has agreed to lend you $53,000 for a home loan. the loan will be fully amortized over 39 years...
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