The prepayment penalty is 2 of the balance if pre-paid in, Financial Management

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The prepayment penalty is 2 of the balance if pre-paid in

A loan worth $ 3 mi is secured with 3% in initial friction costs (points and closing costs). It is a 20-year, monthly amortizing loan at 6% contract rate. The prepayment penalty is 2% of the balance if pre-paid in first 10 years, 0% otherwise. What is the monthly loan payment?

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