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Practice problems for students in the re 611 / fin 611 real estate finance course, focusing on fixed-rate and constant amortization mortgages. It includes calculations for interest-only and constant payment mortgages, with questions on semi-annual and monthly payments, principal balances, and mortgage constants.
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Fixed-rate Mortgages Practice Problems Dr. Stanley D. Longhofer Interest-only Mortgages
d) What will be the principal balance outstanding at the end of the ninth year?