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Debt Amortization, House, 5- year Pay Off and house equity. An investor buys a $350,000 house and puts 20% down in cash and finances 80%
- Debt Amortization, House, 5- year Pay Off and house equity.
An investor buys a $350,000 house and puts 20% down in cash and finances 80% with a 3.5% fixed rate monthly mortgage. The house is expected to appreciate by 5% annually. Provide the:
- Monthly mortgage payment
- 5-Year Principal Payoff
- Value of the house in 5 years
- Equity in the house after 5 years.
- CAGR (compound annual growth rate) of 5 years.
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
