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12. Ann wants to buy a building. The annual NOI for the building will be $275,000. She wants to get a 20 year interest only

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12. Ann wants to buy a building. The annual NOI for the building will be $275,000. She wants to get a 20 year interest only fixed rate mortgage at an annual rate of 8.35% with annual compounding and annual payments to buy the building. The lender has a minimum Debt Service Coverage Ratio (DSCR) of 1.20 What is the largest annual loan payment the lender will allow Ann to make based on the DSCR

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