Suppose we are assuming a 5 million 20-year mortgage with 8
Suppose we are assuming a $5 million 20-year mortgage with 8 years remaining at a rate of 4%. If we could obtain a new 8-year mortgage for 5%, what is the value of assuming this mortgage?
a. Assuming annual payments
b. Assuming monthly payments
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suppose we are assuming a 5 million 20-year mortgage with 8 years remaining at a rate of 4 if we could obtain a new
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