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Given the following information calculate the loans annual debt service: Purchase Price = $4,000,000; LTV = 70%; Upfront Loan Fees = 2% of Loan Amount;

Given the following information calculate the loans annual debt service: Purchase Price = $4,000,000; LTV = 70%; Upfront Loan Fees = 2% of Loan Amount; Annual Interest Rate: 6%; Loan Term and Amortization Schedule: 30 Years [Monthly Payments]

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