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You borrow $ 5 0 0 , 0 0 0 from a bank to buy a $ 6 0 0 , 0 0 0 building.
You borrow $ from a bank to buy a $ building. You amortize the loan annually over years and are able to negotiate a interest rate if you pay discount points to the lender at the time of closing of the loan. What is your loan balance the end of the third year?
You borrow $ from a bank to buy a $ building. You amortize the loan annually over years and are able to negotiate a interest rate if you pay discount points to the lender at the time of closing of the loan.
What is your loan balance the end of the third year?
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