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#4. Mortgage Payoff. Somewhat over five years ago, on February 1 you took out a loan for $20,000,000 at 5.25% with a 25-year amortization period

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\#4. Mortgage Payoff. Somewhat over five years ago, on February 1 you took out a loan for $20,000,000 at 5.25% with a 25-year amortization period and a 7-year term. You are selling the building and will repay the loan on April 11. Assuming there are no prepayment penalties, what will your loan payoff be on that day? \#4. Mortgage Payoff. Somewhat over five years ago, on February 1 you took out a loan for $20,000,000 at 5.25% with a 25-year amortization period and a 7-year term. You are selling the building and will repay the loan on April 11. Assuming there are no prepayment penalties, what will your loan payoff be on that day

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