Question
Suppose a variable 5-5-5 cap 2 loan. Total maturity is 20 Y. The initial interest rate is 2,5%. Hence the maximum rate one can ever
Suppose a variable 5-5-5 cap 2 loan. Total maturity is 20 Y. The initial interest rate is 2,5%. Hence the maximum rate one can ever pay is 4,5%. What is the maximum monthly payement you will ever have to make?
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The detailed answer for the above question is provided below In a 555 cap 2 loan ...
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
