Identify monthly payment of loan balance from the data given below A loan has closed on a
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Identify monthly payment of loan balance from the data given below
A loan has closed on a 13-unit building.
Initial loan amount- $5100000
Interest- 5.75%
Term- 10 yrs
Amortization- 30-year
1.5% loan fee paid at closing.
1. Identify monthly payment, loan balance when the loan matures, end of five year balance, effective interest rate if note is held?
Related Book For
Mathematical Statistics With Applications In R
ISBN: 9780124171138
2nd Edition
Authors: Chris P. Tsokos, K.M. Ramachandran
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