CalculatorMortgage Discount

This program is used to determine how much to pay for a mortgage in order to obtain a specified annual return.


An investor is considering buying a 10.0% mortgage with monthly payments of $3816. The term remaining is 3 years with a maturing balance of $460,679.00.

How much should the investor pay for the mortgage to achieve a return of 11% per annum, compounded semi-annually?