Question 1 4 pts You decide to buy a 60 unit apartment complex in Austin for $15,000,000. You have $6,000,000 to use as a down payment and have applied for a $9,000,000 mortgage loan from Bank of the Ozarks. The loan will have a 25 year term, be fully amortizing, and have fixed interest rate of 6.24% per annum. What is your monthly payment on the loan? $54,731.69 $59,314.62 $65,731.09 $98,857.71 Question 2 4 pts In your analysis of the projected cash flow before debt service from the apartment complex, you determine that you can afford debt service payments of $70,000 per month. How much can you borrow from Bank of the Ozarks under the payment terms in Problem #1? $8,345,328.13 $9,000,000.00 $10,621,326.71 $11,287,718.98