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9 pt Question 14 Ho wants to buy a flat as part of his investment portfolio. He finds a house with a great view which

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9 pt Question 14 Ho wants to buy a flat as part of his investment portfolio. He finds a house with a great view which is priced at $4,500,000. Ho wil need to borrow from the bank to pay for this house. A local bank is offering 1) 15-year loans with monthly payments at 7.125%, 2 20-year loans with monthly payments at 7.25%, and 3) 30-year loans with monthly payments at 7.375%. What is the monthly payment of principal and interest for each loan? Ho believes the property will be worth $5,500,000 in five years. If Ho sells the fl after five years, what will be the difference in the selling price and the remaining principal on the loan for each of the three loans BIV AA- IK EE311*E 32 TTK 12pt Paragraph

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