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
Section: Chapter Questions
Problem 1PS
Related questions
Question
Using the table Please show step by step how to solve a. and b. in excel
Suppose that there is $2,500 origination cost.
A house with price of $250,000
20% down payment, loan amount $200.000
30-year fixed rate mortgage with interest rate in the table
a. Which choice would Carlton like to choose if he will live in the house for 30 years?
b. Which choice would Carlton like to choose if he will live in the house for 5 years?
Transcribed Image Text:Choice Rate
12
7%
6.75%
Points
-
1
3
6.25%
3
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