A fully amortizing CAM loan is made for $125,000 at 11 percent interest for 20 years. a.
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A fully amortizing CAM loan is made for $125,000 at 11 percent interest for 20 years.
a. What will be the payments and balances for the first 6 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 125000 240 months 52083 per month Calcul...View the full answer
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Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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