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27. A 10-year old mortgage with a face amount of $375,000 at 6 % % interest has payments of $2,787.54 per month. a. What was

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27. A 10-year old mortgage with a face amount of $375,000 at 6 % % interest has payments of $2,787.54 per month. a. What was the original term of the mortgage? b. How much longer does it have to go? C. What is the balance remaining on the mortgage? 28. Johnson bought a nursing home from Gonzales. The price was $15,000,000 and included a purchase money mortgage from Johnson for $12,000,000 at 5 % % for 25 years when market interest rates were 9 %. Shortly after his purchase, Johnson had his property appraised because he thought his new real estate taxes were too high. The appraiser concluded the property was worth $12,000,000. Johnson was very upset. What is going on

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