your firm has taken out a $537,000 loan with 8.5% APR (compunded monthly) for some commercial property. as is common in commercial real estate, the lon is a 5-year loan based on a 15-year amortization. this means that your loan payments will be calculated as if you will take 15 years to pay off the loan, but you actually must do so in 5 years. to do this, you will make 59 equal paents based on the 15-year amortization schedule and then make a final 60th paykent to pay the remaining balance.

a. what will the monthly payments be?

b.what will your final payment be?

Your firm has taken out a 5537.000 loan with 85% APR compounded monthly for some commercial property As is common in commercial real estate the loan is a 5-year loan based on a 15-year amortization. This means that you loan payments will be calculated as you will take 15 years to pay off the loan, but you actually must do so in 5 years. To do this, you will make 59 equal payments based on the 15-year amortization schedule and then make a 60th payment to pay the remaining balance Note: Be careful not to round any intermediate sepsless than six decimal places) a. What will your monthly payments be? b. What will your final payment be? a. What will your monthly payments be? The monthly payments will be (Round to the nearest Cont)