Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a borrower is purchasing a property and can choose

A borrower is purchasing a property and can choose between two possible loan alternatives, The...

50.1K

Verified Solution

Question

Accounting

image
A borrower is purchasing a property and can choose between two possible loan alternatives, The first is a 85% LTV for 25 yea at 9% interest and 1 point and the second is a 95\% LTV for 25 years at 9.35% interest and 0 point. Assuming the loan will be repaid in 5 years, what is the incremental cost of borrowing the extra 10% price? 12.42% 11.674 13.39% 10089 A borrower is purchasing a property and can choose between two possible loan alternatives, The first is a 85% LTV for 25 yea at 9% interest and 1 point and the second is a 95\% LTV for 25 years at 9.35% interest and 0 point. Assuming the loan will be repaid in 5 years, what is the incremental cost of borrowing the extra 10% price? 12.42% 11.674 13.39% 10089

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A SSS Similarity Theorem What theorem can be used to prove that the two triangles...

Geometry
Q

During Week 15, we are covering Operations in both the Service and Manufacturing industries. Service and...

General Management
Q

Q- Emilie has a maintenance contract with a life insurance company to shovel snow, mow lawns, and...

Accounting
Q

Based on the diagram what is decomposition Which processes add CO into the atmosphere Which...

Biology
Q

The switch in the circuit shown shifts from 1 to 2 when 2V Vc 3...

Physics
Q

shell with inner ing sph A small conc radius a and outer radius b is...

Physics
Q

Find the midpoint of the line segment joining the points P? and P?P? = (-3,...

Basic Math
Q

need help please AQ= Actual Quantity SQ=StandardQuantity AP= Actual Price...

Accounting
Q

Corporations, Partnerships, Estates & Trusts Problems pages 19-35 Problem 24 LO.6 Charles Horn wants his...

Accounting
Q

1. Costs that are expensed when incurred are called: A. product costs. B. direct costs....

Accounting
Q

As of the end of June, the job cost sheets at Racing Wheels, Inc., show...

Accounting
Q

Problem 13-09 A bond has the following features: Coupon rate of interest (paid annual):...

Finance