Question
A student bought a rental property for $60 000.00 down and monthly payments of $1500.00 for 5 years. What is the equivalent cash price if
A student bought a rental property for $60 000.00 down and monthly payments of $1500.00 for 5 years. What is the equivalent cash price if money is worth 5.75% compounded semi-annually?Please show all work, thank you!
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
