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A property sold for $1,000,000 with 30% cash down and the balance financed by the seller at 5% interest, annual payments for 20 years. What

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A property sold for $1,000,000 with 30% cash down and the balance financed by the seller at 5% interest, annual payments for 20 years. What is the cash equivalent sale price if the going rate for conventionally financed loans is 6%

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