Question
NOI (Cash Flow) is $1,500,000. Assuming a DSC is 1.25x of NOI, an annual interest rate of 5% 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 5% and a fully amortizing 30-year loan payable monthly, what is the loan amount (ROUND)?
Group of answer choices
$18,648,000
$18,768,000
$18,628,000
$18,868,000
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
