3.6 pts Question 20 A borrower bought a house for $300,000; he can obtain an...
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3.6 pts Question 20 A borrower bought a house for $300,000; he can obtain an 80% loan with a 20-year fully amortizing, 7% interest rate and monthly payment. Alternatively, he could get a 30-year fully amortizing 90% loan at 9% What is the incremental cost of borrowing the additional fund
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