A loan with principal balance of $725,000, 20 years, and 5.75% fixed interest. The analyst must consider

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A loan with principal balance of $725,000, 20 years, and 5.75% fixed interest. The analyst must consider each of the three basic loan structures, i.e. CPM, IO, and Custom Amortization. There is a 12-month Interest Only period. What is the total interest paid with each structure? What are the total payments? What is the payment in the first period for each? Which is superior? The Custom Amortization structure is linear.

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