(Answered) You are purchasing a business building valued at 245000 you

Management Studies

You are purchasing a business building valued at $245,000. You can find a mortgage at 6.5% if you can put 15.4% down. You believe your business can support a $1,350 a month mortgage payment (not including taxes and insurance). Should you select a 25 year mortgage or a 30 year mortgage? Tell your reasons.

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