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Mini-Case Present Value Casino.com Corporation is building a $25 million office building in Las Vegas and is financing the construction at an 80% loan-to-value ratio,

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Mini-Case Present Value Casino.com Corporation is building a $25 million office building in Las Vegas and is financing the construction at an 80% loan-to-value ratio, where the loan is in the amount of $20,000,000. This loan has a ten-year matu- rity, calls for monthly payments, and has a stated interest rate of 8%. Assignment is Using this information, answer the following questions. 1. What is the monthly payment? 2. How much of the first payment is interest? 3. How much of the first payment is principal

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