I'm having problem in my real estate calculations. Need help?
What is the APR and the effective rate for the following loan:
Prin.amt. $1,000,000
i = 8.%
Term = 30
Points = 3.0
Due in 10 years
Need calculations? I got Eff 8.46 and APR 6.68
What is the APR and the effective rate for the following loan:
Prin.amt. $1,000,000
i = 8.%
Term = 30
Points = 3.0
Due in 10 years
Need calculations? I got Eff 8.46 and APR 6.68
Asked Nov 20, 2009
0