Lender wanted to adapt the loan
Course:- Financial Management
Reference No.:- EM13942912

Assignment Help >> Financial Management

If the lender wanted to adapt the $200,000 loan at 8% with monthly payments and a 30 year term that it yielded 8.75%, how many points would be necessary?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Financial Management) Materials
You are considering investing in Cho's Chocolate Confectionary (CCC). CCC's stock price last month was 62.81, CCC's stock price this month was 55.93. As well, CCC paid a divid
Calculate the present value of an annuity (as a series of uniform payments) (use Table 7). 2a. Beth has won the $40 million lottery!! She will receive $2million per year for 2
The super prize in a contest is $10 million. This prize will be paid out in equal yearly payments over the next 20 years. If the prize money is guaranteed by AAA bonds yieldin
Wolfson Corporation has decided to purchase a new machine that costs $4.5 million. The machine will be depreciated on a straight-line basis and will be worthless after four ye
How long will it take to double your money with an interest rate of 10 percent? 20 percent? 40 percent? What about tenfold increase in your money with a growth rate of 50 perc
You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $130,000. The truck falls into the MACRS 10-year c
Mitech Corp. shares sold for $8.50 per share 20 years ago and are currently selling for $82.00. Based on past growth rate performance, what would you expect the share’s price
The Colorado Educational and Cultural Facilities Authority (CECFA) is issuing a 30 year bond with a face value of $5,000,000 and a stated annual interest rate of 6 percent. CE