What would the monthly payments be for mr qualify

Reference no: EM133615947

Problem: What would the monthly payments be for Mr. Qualify in each of the first five years of the loan? What would the loan balance be on the GPM at the end of year 3? If the lender charged 4 points at origination, what would be the effective interest rate on this loan after five years?

Reference no: EM133615947

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