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QUESTION 4 Ann wants to buy an office building which costs $2,000,000. She obtains a 30 year Interest Only fixed rate mortgage with 80% LTV,

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QUESTION 4 "Ann wants to buy an office building which costs $2,000,000. She obtains a 30 year Interest Only fixed rate mortgage with 80% LTV, an annual interest rate of 5m, with monthly compounding and monthly payments. How much is Anns monthly payment

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