Assignment 5.1
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yrnupvz
Business Finance
Description
Assignment 5.1: The Value of Prepaying Loans and Mortgages
In this assignment, you will research the value of prepaying loans and mortgages.
Procedure
- 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.
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