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A commercial real estate investor obtained a fixed-rate commercial mortgage loan to finance the investment. This commercial mortgage loan is a partially amortizing one
A commercial real estate investor obtained a fixed-rate commercial mortgage loan to finance the investment. This commercial mortgage loan is a partially amortizing one with the original loan amount of $1,000,000. The annual interest rate is 6%, the term to maturity is 10 years and the term for amortization is 30 years. Please find the balloon payment upon loan maturity. No answer within +/- $1,000.00 of the correct one. $666,666.67 $982,539.48 $540,035.86 $836,857.25
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