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A monthly amortizing, 30-year fixed-rate hotel mortgage for $100 mi was issued 10 years ago at 2%. Market rates for such mortgages today has increased
A monthly amortizing, 30-year fixed-rate hotel mortgage for $100 mi was issued 10 years ago at 2%. Market rates for such mortgages today has increased to 5%. How much will you pay to buy this mortgage today? Please show all work in an Excel File
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