You want to get a commercial real estate mortgage of $6942308. You are offered a monthly payment
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Question:
You want to get a commercial real estate mortgage of $6942308. You are offered a monthly payment loan with 5.75% interest and a 25 year amortization schedule with a balloon payment at the end of 7 years. What will be your monthly mortgage payment? State your answer as a number rounded to two decimal points (e.g. if the answer is $2345.123, write 2345.12)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: