Question
A builder is offering $100,000 loans for her properties at 9% for 30 years (plain vanilla monthly CPM fully amortizing loan). Interest rates in the
A builder is offering $100,000 loans for her properties at 9% for 30 years (plain vanilla monthly CPM fully amortizing loan). Interest rates in the market are currently at 9.5% for the same loan. The property would normally sell for $110,000 without any special financing.
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
978-0071051507
