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Given the following information, what is the monthly payment on this mortgage (rounded to nearest dollar)? Loan Type: Interest Only Purchase price: $15,000,000 LTV: 70%

Given the following information, what is the monthly payment on this mortgage (rounded to nearest dollar)? Loan Type: Interest Only Purchase price: $15,000,000 LTV: 70% Term & Am: 20 years Interest Rate: 5.70% $49,875 $60,942 $69,375 $73,419 None of these are correct

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