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Assume a 2 0 - year, 8 % , monthly amortizing, $ 4 , 0 0 0 , 0 0 0 mortgage on a residential
Assume a year, monthly amortizing, $ mortgage on a residential property that was purchased for $ Net operating income for Year is
$
You can easily do these problems in Excel, and some with an online mortgage calculator, but you'll need to be able to do them using your calculator for Exam
so you might want to practice. For all answers, round to the nearest dollar eg See inclass answers page for calculator instructions
What is the total mortgage payment in Year not the monthly amount
What is the total amount paid in interest in Year
What is the mortgage balance at the end of Year
What is the annual depreciation amount?
What would be the Year pretax cash flow, taking the answers above into account?
Assuming a tax rate, what would be the taxes paid for Year
Assuming the foregoing information, what would be the aftertax cash flow for Year
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