A fully amortizing CAM loan is made for $125,000 at 6 percent interest for 20 years. a.
Question:
A fully amortizing CAM loan is made for $125,000 at 6 percent interest for 20 years.
a. What will be the payments and balances for the first six months?
b. What would payments be for a CPM loan?
c. If both loans were repaid at the end of year 5, would the lender earn a higher rate of interest on either loan
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CAM loan a Calculate constant monthly amortization b For a constant payment ...View the full answer
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Related Book For 
ISE Real Estate Finance And Investments
ISBN: 9781264892884
17th International Edition
Authors: Jeffrey Fisher William B. Brueggeman
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