Question
NOI (Cash Flow) is $1,500,000. Assuming a DSC is 1.25x of NOI, an annual interest rate of 4% and a fully amortizing 30-year loan payable
NOI (Cash Flow) is $1,500,000. Assuming a DSC is 1.25x of NOI, an annual interest rate of 4% and a fully amortizing 30-year loan payable monthly, what is the loan amount (ROUND)?
Group of answer choices
$20,569,000
$20,811,000
$20,783,000
$20,946,000
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Managerial Accounting The Cornerstone Of Business Decision Making
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
8th Edition
0357715349, 978-0357715345
