$100,000 Loan, 15 Years, 6% interest, One year later, the market interest rates are 7%
Question: 23. $100,000 Loan, 15 Years, 6% interest, One year…
- $100,000 Loan, 15 Years, 6% interest, One year later, the market interest rates are 7%. What are the book and the market value for this loan?