How do I calculate the rate of return on a mortgage purchased at a discount?
ex a mortgage has a intrest rate of 8% 100,00 prinipal bal. 18 years
remaining . I pay 85,000 what the current intrest rate ?
How do I calculate the rate of return on a mortgage purchased at a discount?
ex a mortgage has a intrest rate of 8% 100,00 prinipal bal. 18 years
remaining . I pay 85,000 what the current intrest rate ?
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