REAL ESTATE FINANCIAL INVESTMENTS
REAL ESTATE FINANCIAL INVESTMENTS
16th Edition
ISBN: 9781265224110
Author: BRUEGGEMAN
Publisher: MCG
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Chapter 5, Problem 3P

a.

Summary Introduction

To calculate: The fixed payments are assumed to be made monthly for three years and the loan is fully amortization. And also, calculate monthly payment and loan balance after three years.

b.

Summary Introduction

To calculate: The new payment at beginning of the year 4, when interest rate fell to 6 % and loan is amortizing.

c.

Summary Introduction

To calculate:  the monthly payment during first year when interest rate only is used.

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