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You bought a house with price of $1,000,000 you LTV (loan-to value ratio) is 70%. You choose the 30-year mortgage with interest rate 4%. Assuming

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You bought a house with price of $1,000,000 you LTV (loan-to value ratio) is 70%. You choose the 30-year mortgage with interest rate 4%. Assuming the total transaction cost is $10,000. What is your loan amount? Choose one: a. 800,000 b. 300,000 C. 750,000 d. 700,000 You bought a house with price of $1,000,000 you LTV (loan-to value ratio) is 70%. You choose the 30-year mortgage with interest rate 4%. Assuming the total transaction cost is $10,000. What is your monthly payment? a. $3.541.91 b. $2,333,33 c. $1,199,10 d. $3,341,91 You bought a house with price of $1,000,000 you LTV (loan-to value ratio) is 70%. You choose the 30-year mortgage with interest rate 4%. Assuming the total transaction cost is $10,000. What will be the loan balance at the end of first year ? a $687,672,70 b.$27,775.62 c. $12,327.30 d. $698,991,42 You bought a house with price of $1,000,000 you LTV (loan-to value ratio) is 70%. You choose the 30-year mortgage with interest rate 4%. Assuming the total transaction cost is $10,000. What will be your interest payment for the whole first year? a. $3,541,91 b. $12,327,30 c. 3,341.91 d. $27,775.62

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