Question
I am considering selling my current home through an owner financed arrangement. I have been offered a $100,000 down payment (payable immediately) and $1,000 per
I am considering selling my current home through an owner financed arrangement. I have been offered a $100,000 down payment (payable immediately) and $1,000 per month for 20 years with the first payment due immediately. 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 Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
