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Bought a warehouse $1,000,000. The price appreciates 3% compounded annually and at the end of 10 years, you decide to sell. What is the value
- Bought a warehouse $1,000,000. The price appreciates 3% compounded annually and at the end of 10 years, you decide to sell. What is the value of the warehouse?
- You borrow 80% of the value at the time of purchase. The loan has a term of 10 years, with 25-year amortization. The interest rate is 8%. What is the balloon amount at the end of the term?
- The rent from the property is equal to the mortgage payment for the whole term of the loan. What is the return percentage annualized from this transaction?
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
