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Problem 7: ( Given: Construction Loan, P= $5,000,000, Discount = 1%, i = 14%, project duration = 5 years. Long-term mortgage starts at end of yr. 5, term of loan is complete at end of yr. 20, i= 7% Find: 1. Deferred payment amount (Aa) from EOY 6 through EOY 20. 2. Total finance charges paid on the construction loan. (

Problem 7: ( Given: Construction Loan, P= $5,000,000, Discount = 1%, i = 14%, project duration = 5 years. Long-term mortgage starts at end of yr. 5, term of loan is complete at end of yr. 20, i= 7% Find: 1. Deferred payment amount (Aa) from EOY 6 through EOY 20. 2. Total finance charges paid on the construction loan. (

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Problem 7: ( Given: Construction Loan, P = $5,000,000, Discount = 1%, i = 14%, project duration = 5 years. Long-term mortgage starts at end of yr. 5, term of loan is complete at end of yr. 20, i= 7% Find: 1. Deferred payment amount (Ad) from EOY 6 through EOY 20. 2. Total finance charges paid on the construction loan. (
Transcribed Image Text:Problem 7: ( Given: Construction Loan, P = $5,000,000, Discount = 1%, i = 14%, project duration = 5 years. Long-term mortgage starts at end of yr. 5, term of loan is complete at end of yr. 20, i= 7% Find: 1. Deferred payment amount (Ad) from EOY 6 through EOY 20. 2. Total finance charges paid on the construction loan. (
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