Question
I am considering selling my current home through an owner financed arrangement. I have been offered $1,000 per month for 20 years with the first
I am considering selling my current home through an owner financed arrangement. I have been
offered $1,000 per month for 20 years with the first payment due immediately plus an
additional $100,000 with the last payment at the end of 20 years. If the appropriate discount
rate is 6% APR compounded monthly, then what is the equivalent cash offer for my house?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
