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You want to purchase a mixed use building in Queens that is expected to generate $ 1 0 0 0 net operating income ( NOI

You want to purchase a mixed use building in Queens that is expected to generate $1000 net operating income (NOI) in the following year. You want to finance your purchase with an Interest-Only Commercial Mortgage with annual payments. The lender has a DSCR minimum limit of 1.23. What is the maximum annual mortgage payment that the lender will allow you to have according only to their DSCR limit? State your answer as a number rounded to the nearest cent (e.g. if you get $13.57654, write 13.58)
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