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Use the following information to answer the next six questions: You are buying a small shopping center for $5,000,000. You will finance this purchase using

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Use the following information to answer the next six questions: You are buying a small shopping center for $5,000,000. You will finance this purchase using a 65 LTV mortgage at a 7% interest rate (monthly payments and monthly compounding). You intend t hold the property for 10 years before selling. Question 24 The lender offers a fully-amortizing mortgage over 10 years. Compute the payment. $37,735.26 $58,054.24 $46,443.39 $21,622.33

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