Question: please answer all questions D Question 2 5 pts You are planning to purchase a house. You have determined that you can borrow $293,000. The

please answer all questions please answer all questions D Question 2 5 pts You are

D Question 2 5 pts You are planning to purchase a house. You have determined that you can borrow $293,000. The terms of the loan are 30 years amortization, 2.85% interest rate, and monthly compounding. What will your monthly payment be? Round your answer to the nearest dollar. Question 1 5 pts You have a 52-unit apartment building under contract for $3,280,000. The list price was $3,275,000 The bank received an appraisal for $3,500,000. The loan has quoted a loan-to-value ratio of 80%. How much can you borrow? Round your answer to the nearest dollar

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