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10. In the alternative, the business customer above indicated that their Annual Income was $5,000,000. If Quarterly payments must equal 25% of their Gross Monthly
10. In the alternative, the business customer above indicated that their Annual Income was $5,000,000. If Quarterly payments must equal 25% of their Gross Monthly Income, what is the maximum building cost that the customer can afford under the same terms as above? (10) Extra Credit: Fight (8) points Max. If you approve a commercial loan at 7.00% for 25 years, with a LTV of 75%, and payments are equal to 25% of gross monthly income, how much must a business make in annual income to qualify to purchase an 8,000,000 warehouse building
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