Question
A comparable property sold for $2,450,000 with assumable financing of $2,000,000 and annual payments of $255,000 for 15 years. Current market rates are 11% for
A comparable property sold for $2,450,000 with assumable financing of $2,000,000 and annual payments of $255,000 for 15 years. Current market rates are 11% for the same loan amount and term. What is the cash equivalent value of the property?
A. $2,616,328
B. $2,535,710
C. $1,833,672
D. $2,283,672
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The Complete Guide To Capital Markets For Quantitative Professionals
Authors: Alex Kuznetsov
1st Edition
0071468293, 978-0071468299
