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QUESTIONS Ann wants to buy an office building which costs $1,000,000. She obtains a 30-year fully amortizing fixed rate mortgage with 80% LTV, an annual

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QUESTIONS Ann wants to buy an office building which costs $1,000,000. She obtains a 30-year fully amortizing fixed rate mortgage with 80% LTV, an annual interest rate of 4%, with monthly compounding and monthly payments. How much is Ann's monthly payment? 5,642.81 4.774.15 46,264.08 3,819.32 32.000

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