Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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1. A lender is offering you a $300,000 30Y FRM at 7.2%. What is your monthly payment over the life of the loan? $2,036.36
2. You decide to originate the loan, but move at the end of 5 years. What is the remaining balance you owe the bank given the due-on-sale clause?
Number 2 please
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