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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Financial Management: Suppose we are assuming a 5 million 20-year mortgage with 8
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