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Question 44 3 pts Determine the loan amount given the following: Project value: $11,000,000 Term: 30 years Interest Rate: 5.9% Investment Capital Requirement $900,000 Loan

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Question 44 3 pts Determine the loan amount given the following: Project value: $11,000,000 Term: 30 years Interest Rate: 5.9% Investment Capital Requirement $900,000 Loan to Value Ratio: 88% Cap Rate: 3.6% Please provide your answer without dollar signs or commas. no significant digits needed

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