Question
5. What would you recommend to a person who wants to acquire a building in the following conditions Value $65,000,000 Advance 10% Mortgage Credit 90%
5. What would you recommend to a person who wants to acquire a building in the following conditions Value $65,000,000 Advance 10% Mortgage Credit 90% Rate 9.99% annual Term in years 5 Equal monthly payments due
a) Prepare the amortization table under the gradual scheme b) Prepare the amortization table under the constant scheme c) How much total interest would be paid with each scheme d) What are the advantages of each scheme?
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
