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You are developing a property and need to take out a construction loan. Loan terms are as follows: / Construction Cost ( excluding loan interest
You are developing a property and need to take out a construction loan. Loan terms are as follows: Construction Cost excluding loan interest: $ LoantoCost LTC: Construction Period: months Average Outstanding Loan Balance: Annual Interest Rate: Answer the following Round your answer to the nearest whole dollar: What is the amount of equity you need? What is the sum of all your interest payments
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