Question
Use the following data for questions 4 and 5. ACME Realty just closed on the acquisition of Wilson Shopping Plaza for $16 million. The loan
Use the following data for questions 4 and 5. ACME Realty just closed on the acquisition of Wilson Shopping Plaza for $16 million. The loan to value ratio is 70%, the interest rate is 6%, the loan is due in 7 years with a 27-year amortization. What is the annual loan payment?
A) $69,886. B) $838,636. C) $99,837. D) $1,198.051.
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
