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I am considering selling my current home through an owner financed arrangement. I have been offered $ 1 , 0 0 0 per month for

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. If the appropriate discount rate is

6 %

APR compounded monthly, then what is the equivalent cash offer for my house?

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