Question
A property has a FMV of $7,500,000. If the property owner can only secure a loan with an LTV of 70%, a loan amortization of
A property has a FMV of $7,500,000. If the property owner can only secure a loan with an LTV of 70%, a loan amortization of 30 years, and an interest rate of 8.125%, then a) What is the monthly payment for this loan? and b) What is the outstanding balance on the loan after eight years? (Make sure to show how you arrived at your answer by identifying inputs if you used your hand-held calculator).
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Governing The Modern Corporation Capital Markets Corporate Control And Economic Performance
Authors: Roy C. Smith, Ingo Walter
1st Edition
0195171675,0199924015
