(a) suppose we have a 15 year mortgage with a $10000 yearly

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(a) suppose we have a 15 year mortgage with a $10000 yearly

 

(a) suppose we have a 15-year mortgage, with a $10,000 yearly payment, the interest rate is 10%, what is the present value of the mortgage?

A. $ 76,060.80

B. – $ 76,060.80

C. $ 75,060.80

D. – $ 75,060.80

(b) what is the present value when the interest rate = 8% and 20%:

A. – $ 85,594.79, – $ 46,754.73

B. $ 85,594.79, $ 46,754.73

C. – $ 97,122.49, – $ 50,915.78

D. $ 97,122.49, $ 50,915.78

(c) Explain why the present value should be positive or negative.

 

 

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(a) suppose we have a 15 year mortgage with a $10000 yearly

Best (a) suppose we have a 15 year mortgage with a $10000 yearly

(a) suppose we have a 15 year mortgage with a $10000 yearly