Question: Part II - Problem solving: Please provide solutions for the problems in the space provided. Each question is worth 5 points 1. What is the

Part II - Problem solving: Please provide solutions for the problems in the space provided. Each question is worth 5 points 1. What is the monthly payment for a $1,500,000 loan with a 5-year maturity offering a 20-year amortization period and a 5.0% mortgage rate? 2. An office building offering a total of 25,000 square feet of rentable space is currently 75% occupied. If utilities are $2.25/sf and 20% fixed, what is the estimated cost of utilities for this property

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