Assignment 5.1: The Value of Prepaying Loans and Mortgages
In this assignment, you will research the value of prepaying loans and mortgages.
Prepaying loans and mortgages reduces the interest expense paid. However, opportunity costs are associated with prepaying loans and mortgages.
Research online, by phone, or in person, the benefits of prepaying loans and/or mortgages. Consider contacting your financial institution’s finance officer, the local Small Business Association, and/or your company’s finance department to gather data.
After you have organized your thoughts, post your analysis on the course Forum regarding the value of prepaying loans and mortgages. Make certain to consider opportunity costs in your argument.
Assignment needs to be on a Microsoft Word Document