Ann is looking for a fully amortizing 30 year fixed rate, Ask an Expert

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Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $800,000.

Mortgage A has a 4.25% interest rate and requires Ann to pay 1.5 points upfront.

Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront.

Assuming Ann makes payments for 30 years, what is Ann’s annualized IRR from mortgage B?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92273148

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