8 What is the cash flow before taxes? Calculating Operating Expenses For the month of August, the following expenses occurred for a 6-unit office building: Expense Amount Water and Sewer Bill $300 Electric Bill $475 Reserve Amount for future New Roof and $375 Parking Lot Re-surface Plumber for Plumbing Repairs in unit #3 $200 Monthly Mortgage Payment $2000 Elevator Maintenance $300 Depreciation (Cost Recovery) $375 Office Supplies $100 9. 10. What are the monthly operating expenses for August? Are there expenses listed not considered operating expenses? If so, list the non-operating expense(s)? 11. Mortgage Loans and Calculations - show work 12. Calculate the original loan size of a fixed-payment mortgage if the monthly payment is $1700, the annual interest is 5%, and the original loan term is 15 years. Answer: 13. For a loan of $200,000 at 4 percent annual interest for 30 years, find the balance at the end of 4 years and at 15 years, assuming monthly payments. Answer: Answer: 14. Consider a $400,000 mortgage loan with an annual interest rate of 3%. The loan term is 7 years, but monthly payments will be based on a 20-year amortization schedule. What is the monthly payment? What will be the required balloon payment at the end of the loan term