The bank issued a $200,000 30-year mortgage (monthly payments) with an annual interest rate of 9.4%, compounded monthly. They just received payment number 109 and have decided to sell the loan. The buyer of the loan expects to receive an annual rate of return equal to 8.80%, compounded monthly. For the original bank that issued the loan, what was the internal rate of return? a.9.36% b.7.03% c.9.69% d.10.42% e.8.80%

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A: Loan is a value or an amount which is borrowed from the sources and repaid later with an extra…

Q: A firm borrowed $50,000 from a mortgage bank. The terms of the loan specify quarterly payments for a…

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Q: 1. Mary Rose borrowed money from a bank amounted 12,000 with an interest rate of 11.5%, the monthly…

A:

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A: Given, Repayment in 5 years = $50,000 Present value of 1 at 8% = 0.6806

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A: Revolving Credit: A line of credit that allows the borrower to borrow funds up to a pre-set limit at…

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A: The investment in GIC earns fixed interest on the investment based on the applicable interest rate…

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Q: Six years ago, you borrowed $200,000 for a ten-year period from BOB Bank at a stated interest rate…

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A:

Q: pital Corporation (CCC) is taking out a new 2-year bank loan for $100,000 at 6% interest (APR…

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A: Computation:

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A:

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A:

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