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Given the following information calculate the loan’s annual debt service. Assume it is a fully amortizing loan.

Purchase Price: $6,000,000

LTV: 70%

Upfront Loan Fees: 2.5% of Loan Amount

Annual Interest Rate: 7.2%

Loan Term: 30 Years [Monthly Payments]

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92368410

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