FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You can purchase a new duplex for $2,000,000.The bank has quoted her an 75% LTV.The loan would be amortized for 30 years, the annual interest

You can purchase a new duplex for $2,000,000.The bank has quoted her an 75% LTV.The loan would be amortized for 30 years, the annual interest rate is 5.5%.The annual NOI is $175,000.Determine the monthly payment of the loan using the PMT function in excel

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance Finance For Small Business

Entrepreneurial Finance Finance For Small Business

Authors: Philip J. Adelman

1st Edition

0138129835, 9780138129835

More Books

Students also viewed these Finance questions

Question

★★★★★
While a professor at the Harvard Business School, the late Thomas McCraw wrote: "Throughout American history, entrepreneurs have tried, sometimes desperately, to create big businesses out of...

Answered: 1 week ago

Question

★★★★★
What does a software developer look like?

Answered: 1 week ago

Question

★★★★★
Is this item worth the time I spent to earn the money to pay for it?

Answered: 1 week ago

Question

★★★★★
The presidents executive jet is not fully utilized. You judge that its use by other officers would increase direct operating costs by only $20,000 a year and would save $100,000 a year in airline...

Answered: 1 week ago

Question

★★★★★
A family has a $96,747, 30-year mortgage at 6.3% compounded monthly. Find the monthly payment. Also find the unpaid balance after the following periods of time. (A) 10 years (B) 20 years (C) 25 years...

Answered: 1 week ago

Question

★★★★★
Go back and quickly review the rules that the Sarbanes-Oxley Act of 2002 placed on the auditing profession as described in this chapter. What do you think are the two or three main purposes of these...

Answered: 1 week ago

Question

★★★★★
Give correct answer with detailed explanation... Problem 4. For the Bayesian network shown in figure 1, find the following probability P(j, -m, a, b, -e) [10 marks] P(B) B E P(E) 0.02 0.01 A B E P(A...

Answered: 1 week ago

Question

★★★★★
2. (10 points) The curve is the intersection of the plane x = -1 and the cone z = x + y. Find the curvature of y at the point (-1,2,5). 22

Answered: 1 week ago

Question

★★★★★
[6] Question 4: [20 Marks] The signal x(t) has the Laplace transform X(s) = 14 s(s+4) 2 [6] (a) Find the LT of y(t) = x(21-3) [8] (b) Find the LT of y(1) = tex(1) (c) Find the LT of y(t) = 1...

Answered: 1 week ago

Question

★★★★★
1.Goodyear implemented the DRII/NFPA 1600 approach. What strategies can be utilized to make sure recovery starts quickly, perhaps even while the incident is ongoing? 2.Please explain how the five...

Answered: 1 week ago

Question

★★★★★
8. A tire manufacturer has been concerned about the number of defective tires found recently. To evaluate the true magnitude of the problem, a production manager selected 10 random samples of 20...

Answered: 1 week ago

Question

★★★★★
Target Market(s) and Positioning OF OZTENT ( an Australian company) An analysis of the Oztent target market in particular shows differentiation from 20-29 years (18%), 30-54 years (47%), 55+ years...

Answered: 1 week ago

Question

★★★★★
identify and define industry-standard communication design tools and their uses in the creative domains.

Answered: 1 week ago

Question

★★★★★
19. What effect do you want to have on them? (what feelings should they have)

Answered: 1 week ago

Question

★★★★★
11. What is their background in relationship to the topic. (what they have experienced so far)

Answered: 1 week ago

Previous Question Next Question