10 years ago, you bought a commercial property using a $1,500,000, 25-year mortgage at a rate of 4.5%, with payments made monthly. You are selling the property at the end of this month (the end of 10 years).

How much do you owe to the bank upon selling?

Answer rating: 100% (QA)

To calculate the amount owed to the bank upon selling the commercial property we need to consider th... View the full answer