Question
A property development agreement valued at $60000 requires annual lease payments of $13000. The first payment is due four years after the date of agreement
A property development agreement valued at $60000 requires annual lease payments of $13000. The first payment is due four years after the date of agreement and interest is 12% compounded semi-annually. For how long will payments be made? The final answer is 14.21
Please draw the timeline before starting.
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
