You have the choice of receiving a down payment from someone who wants to purchase your rental

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You have the choice of receiving a down payment from someone who wants to purchase your rental property as $15,000 today or as a personal note for $25,000 payable in 6 years. If you could expect to earn 8 percent on such funds, which is the better choice?

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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