On the loan below, what is the best estimate of the effective borrowing cost if the loan is prepaid 5 years after origin

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

On the loan below, what is the best estimate of the effective borrowing cost if the loan is prepaid 5 years after origin

Post by answerhappygod »

On The Loan Below What Is The Best Estimate Of The Effective Borrowing Cost If The Loan Is Prepaid 5 Years After Origin 1
On The Loan Below What Is The Best Estimate Of The Effective Borrowing Cost If The Loan Is Prepaid 5 Years After Origin 1 (32.1 KiB) Viewed 10 times
On the loan below, what is the best estimate of the effective borrowing cost if the loan is prepaid 5 years after origination? Loan amount Interest rate compounding periods maturity (yrs) Up-front costs paid at closing O 8.70 8.50% 8.40% O 8.37% $275,000 5.8% 12 25 10%
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”