Questions

1. What are the annual payments for a 30-year traditional mortgage? What are the payments for a
20-year traditional mortgage?
2. Prepare an amortization table for the first six years of the traditional 30-year mortgage. How
much of the first payment goes toward principal?
3. Repeat question 1, but assume that J&J Bagel makes payments at the beginning of each year.
4. Assume J&J Bagel takes out a bullet loan under the terms described. What are the payments on
the loan?
5. What are the payments for the interest-only loan?
6. Which mortgage is the best for the company? Are there any potential risks in this action?

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