You want to investigate whether it will make financial sense for your business to purchase some real estate. Find a commercial property that is for sale in Charlotte, NC that your business could use $($purchase price must be at least $$20,000).$ Include the URL that will take the class to the webpage for the property.

You will finance $80\%$ of the purchase price; you will put $20\%$ down on the purchase. Using $5\%$ as the interest on your $30-$year fixed rate mortgage, calculate the monthly payment.

Next, calculate the payment using the same $5\%,$ but for a $15-$year mortgage. Show all steps in your calculations in your post.

In a summary paragraph, discuss the results of your calculations and what you think is the best decision for your business to make regarding purchasing the property.

Include these items in your post:

URL link to property

Calculation of $30-$year monthly payment

Calculation of $15-$year monthly payment

Steps in calculations $($Excel is recommended$)$

Summary