Question
Question 1: Mini Case in below Mr. Smith consider ed to purchase a townhouse in Vancouver area. Ms. Angel approach ed Mr. Smith as a
Question 1: Mini Case in below
Mr. Smith considered to purchase a townhouse in Vancouver area. Ms. Angel approached Mr. Smith as a real estate broker to help Mr. Smith to select, negotiate and purchase the property. Mr. Smith finally signed Purchase agreement for a townhouse in Fraser Valley area at the purchase cost of Cnd$1million just recently; Mr. Smith decided to go to Bank B for his mortgage, the mortgage brokerage manager Ms. Catherine greeted Mr. Smith and introduce him for the following mortgage information:
Mr. Smith is happy with the mortgage rate, which is low, and would like to borrow as much as possible and give himself disposable cash flow more flexible.
Q1-a: Quantitative analysis; based on the information provided in above, please calculate Mr. Smith monthly mortgage payment amount to his best interests (please illustrate the each number for time value calculation, step by step ) 30 Marks
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