5. Ann wants to buy an office building which costs $2,000,000. She obtains a 30 year Interest Only fixed rate mortgage w
Posted: Thu May 19, 2022 11:43 am
- 5 Ann Wants To Buy An Office Building Which Costs 2 000 000 She Obtains A 30 Year Interest Only Fixed Rate Mortgage W 1 (11.88 KiB) Viewed 53 times
5. Ann wants to buy an office building which costs $2,000,000. She obtains a 30 year Interest Only fixed rate mortgage with 80% LTV, an annual interest rate of 5%, with monthly compounding and monthly payments. How much is Ann's monthly payment? Pick the closest number. 3,200.33 4,999,56 6,666.67 5,333.33