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Comparable sale sold for $188,941 with down payment of 25% Seller financed mortgage for a 38-year term pmt @ 5% interest compounded monthly with a
Comparable sale sold for $188,941 with down payment of 25% Seller financed mortgage for a 38-year term pmt @ 5% interest compounded monthly with a 7 year balloon. Homes in area are typically held for 38 years Market derived interest rate is 9%. What is the cash equivalency sale price of the comparable?
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Finance Plain And Simple
Authors: Sebastian Nokes
1st Edition
0273731297, 978-0273731290
