Yale mortgage purchasing company ympc wants to buy your, Financial Management

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Yale mortgage purchasing company ympc wants to buy your

Yale Mortgage Purchasing Company (YMPC) wants to buy your mortgage from the local savings and loan. The original balance of your mortgage was $160,000 and was obtained five years ago with monthly payments at 9 percent interest. The loan was to be fully amortized over 30 years. a. What should YMPC pay if it wants a 10 percent return?

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