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1: Set up a generic amortization schedule in Excel for a 30 conventional fixed rate mortgage, use reference cells everywhere possible. 2: Calculate Lenders Yield & Borrower's EBC Use the following data for part 2: Purchase price: 850,000 LTV = 75% 30 year mortgage, monthly payments Contract Interest Rate: 5.75% Points paid by borrower: 2% Other fees paid to third parties: Appraisal fee = 1000 Title Insurance = 2000

1: Set up a generic amortization schedule in Excel for a 30 conventional fixed rate mortgage, use reference cells everywhere possible. 2: Calculate Lenders Yield & Borrower's EBC Use the following data for part 2: Purchase price: 850,000 LTV = 75% 30 year mortgage, monthly payments Contract Interest Rate: 5.75% Points paid by borrower: 2% Other fees paid to third parties: Appraisal fee = 1000 Title Insurance = 2000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1: Set up a generic amortization schedule in Excel for a 30 conventional fixed rate mortgage, use reference cells everywhere possible. 2: Calculate Lenders Yield & Borrower's EBC Use the following data for part 2: Purchase price: 850,000 LTV = 75% 30 year mortgage, monthly payments Contract Interest Rate: 5.75% Points paid by borrower: 2% Other fees paid to third parties: Appraisal fee = 1000 Title Insurance = 2000
Transcribed Image Text:1: Set up a generic amortization schedule in Excel for a 30 conventional fixed rate mortgage, use reference cells everywhere possible. 2: Calculate Lenders Yield & Borrower's EBC Use the following data for part 2: Purchase price: 850,000 LTV = 75% 30 year mortgage, monthly payments Contract Interest Rate: 5.75% Points paid by borrower: 2% Other fees paid to third parties: Appraisal fee = 1000 Title Insurance = 2000
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