![quetzaliescalona](/avatars/38599.jpg)
quetzaliescalona
04.12.2019 •
Business
Tom wants to purchase a property for $300,000. he can borrow a 80% ltv fixed-rate loan, with 4.5% annual interest rate and a 3% origination fee. or, he can borrow a 90% ltv fixed-rate loan, with 5.5% annual interest rate, and a 3% origination fee. both loans have a 30 year amortization period. if he plans to prepay the loan at the end of 3rd year, what will be the incremental cost of borrowing for him to to borrow the additional 10% loan amount?
a) 12.25%
b) 14.47%
c) 13.68%
d) 10%
Solved
Show answers
More tips
- L Leisure and Entertainment Choosing the Right Books to Read: Tips and Recommendations...
- L Leisure and Entertainment Couchsurfing: A New Way to Travel...
- G Goods and services Which TV is better - LCD or Plasma?...
- S Sport How to Learn to Pull Up on Monkey Bars?...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
- C Computers and Internet Where did torrents.ru move to?...
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
- G Goods and services How to Choose the Right High Chair for Your Baby?...
Answers on questions: Business
- G Geography Which of the following is LEAST LIKELY to occur to women s gender roles in the next 50 years? More women and men around the world will begin to assume similar roles for similar pay....
- H Health Explain the relationship between digestive system and circulatory system and respiratory system...
- M Mathematics Plz look at the picture and me. also explain how u got the answer...
- P Physics A3.7 kg block is pushed along a horizontal floor by a force modifyingabove upper f with right-arrow of magnitude 25 n at a downward angle θ = 40°. the coefficient of kinetic friction...
- M Mathematics . A rectangular prism has a volume of 285.6 cubic feet. The prism is 12 feet long and 3.4 feet wide. What is the height of the prism?...
Ответ:
YE
Explanation: