Calculate the Annual Payment, Outstanding Balance due to the Lender and Effective Borrowing Cost ...

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Finance

Calculate the Annual Payment, Outstanding Balance due to the Lender and Effective Borrowing Cost
(EBC) if prepaid after 3-years of the following commercial mortgage loans with annual payments:
$2.5 million 10-year Fixed Rate Mortgage (FRM) at 6% with interest-only payments and $50,000 in
origination fees
Annual Payment
Outstanding Balance
EBC:
image

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