Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

# You are being presented with the quot;opportunity of a lifetimequot;. It is a note receivable secured by a second mortgage on a house and two lots...

You are being presented with the "opportunity of a lifetime". It is a note receivable secured by a second mortgage on a house and two lots in Las Vegas, Nevada. The two very attractive features of this specific note are a stated 12% annual interest rate and the obligors have never missed a payment or even presented a payment late. The note has an attached cosigner who is extremely wealthy. We are looking for a single lump sum purchase (payment), assume you have sufficient funds in the bank earning a reasonable 3.5% annual interest rate that could be easily accessed penalty free.

Details of the Note:

Original Date: January 11, 2013

Original Amount: $131,454.10 First payment due: February 11, 2013 84 payments of$1163.11 including interest (Ignore Taxes and Insurance). And a final payment.

Final payment Due: February 11, 2020 Amount Due:_____________________

Other:

Principal Balance on December 11, 2017 ______________________________

Principal Balance on December 12, 2017 ________________________________

Maximum amount you are willing to pay for the Note: ________________________

Minimum amount you are willing to pay for the Note: ________________________