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Question 7 10 pts Suppose that you can only qualify for a monthly mortgage payment of $989.26 (on a $165,000, 30-year mortgage at 6%). How

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Question 7 10 pts Suppose that you can only qualify for a monthly mortgage payment of $989.26 (on a $165,000, 30-year mortgage at 6%). How much extra must you send in each month to pay the mortgage off in 15 years? $393.41 $366.46 $332.82 $403.10 $432.80 Question 8 10 pts An investor is considering the purchase of a 22,000 square foot shopping center for $5 million. First year NOI is $381,216 and is expected to increase at 3% per year over a holding period of 5 years. If the property sells at a terminal, or "going-out" cap rate of 7%, what is the appreciation rate for the property? 2.01% 4.19 % 4.78 % 3.13% 4.47%

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