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Suppose an investor buys a property for $5,000,000. He uses a 75% LTV loan, with an annual interest rate of 7.5%, the loan is fully
Suppose an investor buys a property for $5,000,000. He uses a 75% LTV loan, with an annual interest rate of 7.5%, the loan is fully amortizing and has a 30 year term with monthly payments and with monthly compounding. What is the annual debt service for this loan
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