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9 pts Question 17 17. You are going to invest in a commercial warehouse for $470.000, You have enough cash that you are indifferent between

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9 pts Question 17 17. You are going to invest in a commercial warehouse for $470.000, You have enough cash that you are indifferent between an 80% or a 95% LTV mortgage. You talk to your lender and are given the following options: a. You can get an 80% loan at 2.8% for 20 years b. You can get a 95% loan for 3.2% for 20 years What is the incremental cost of financing the marginal 15% if you take the second loan, assuming that you will stay in the loan for all 20 years? Please put your answer in percentage with two decimal places for instance put 7.63 for 7.63%. Please enter a positive value. 9 pts Question 18 18. You are going to buy a house for $300,000. You can get a loan with an 80% LTV at 3% for 30 years. To get your downpayment to 10%, you get a second mortgage on 10% of the loan at 6%. (In other words, you would take out the 80% LTV at 3% for 30 years and then also an additional 10% LTV on a second loan at 6%, also for 30 years.) Assuming you kept both loans until maturity, what would be the effective cost of your total financing over the 30 years? Please put your answer in percentage with two decimal places for instance put 7.63 for 7.63%. Please enter a positive value

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