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Is this right You can purchase a shopping center for $5,000,000. The $3,000,000 loan would be amortized for 30 years, the annual interest rate is

Is this right

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You can purchase a shopping center for $5,000,000. The $3,000,000 loan would be amortized for 30 years, the annual interest rate is 3.5%. The annual NOI is $400,000. Determine the monthly payment of the loan using the PMT function $13,471.34 O 163, 113.99 O 13,505.12 O 161,172.43

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