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Calculate the before-tax equity reversion (BTER): NOI: $89,100; annual debt service: $58,444; net sale proceeds: $874,700; remaining mortgage balance: $631,026.

Calculate the before-tax equity reversion (BTER): NOI: $89,100; annual debt service: $58,444; net sale proceeds: $874,700; remaining mortgage balance: $631,026.

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