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Construct an amortization table

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Reference no: EM133061857

You want to invest your annual salary which is LE1,000,000 in a mortgage loan to buy a property. Find a suitable property (it has to be a real property) and specify its price and location. You need to determine the loan to value, loan rate and maturity of the loan in order to answer the following questions:

a) What is your monthly P&I?

b) Construct an amortization table

c) will you be qualified to take the loan?

Reference no: EM133061857

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