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Given the following Loan information answer the question below: Loan Type: Level Payment - Fully Amortized Loan Amount: $250,000.00 Loan Term (years) 30 Annual Interest
Given the following Loan information answer the question below:
| Loan Type: | Level Payment - Fully Amortized |
| Loan Amount: | $250,000.00 |
| Loan Term (years) | 30 |
| Annual Interest Rate | 9% |
| Discount points paid to Lender | 2.25 |
| Additional Borrower Closing Costs | $4,000.00 |
What is the Principle payment (reduction) for Month 1?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
13th Edition
0073524719, 9780073524719
