For this assignment, you work for a small warehousing business that is looking to expand its

services of storing physical inventory for future sale or distribution by purchasing another

warehousing facility. You are managing the purchase of this property.

You have located a warehouse property to purchase at a price of $

$320$

$,$

$000$

$.$

$$You plan to make a

$20$

$\%$

$$downpayment of $

$64$

$,$

$000$

$.$

$$Interest rates are rising quickly, but you

$$

ve managed to secure a

fixed

$-$

rate commercial mortgage at

$4\mathrm{.}5$

$\%$

$.$

$$Commercial mortgages are typically much shorter than

consumer mortgages like home loans, so the lender has offered you a

$10$

$-$

year term.