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Question 10 (1 point) You are considering purchasing a small income producing property and want to estimates its annual debt service. To pay for the

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Question 10 (1 point) You are considering purchasing a small income producing property and want to estimates its annual debt service. To pay for the property, you are considering taking out a loan of $634,000 with a mortgage constant of 0.06442. Using these assumptions, what is the annual debt service for this loan? Your Answer: Answer Question 11 (1 point) Explain how you calculated debt service in the previous question. Show your math

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