The bank offers a mortgage at the interest rate of 1% a month. If the borrower pays off....

匿名用户 最后更新于 2021-07-05 19:17 商科Business

The bank offers a mortgage at the interest rate of 1% a month. If the borrower pays off the loan balance in advance, he only needs to pay K% more on the current balance. If somebody goes to another bank at the end of year 5 and offers a 10 year loan at 0.75% a month what is the maximum acceptable value of K for that borrower?

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