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Sam wants to buy an apartment building and wants to determine the market value of the building based on the following information: Rent $400,000
Sam wants to buy an apartment building and wants to determine the market value of the building based on the following information: Rent $400,000 Operating Expenses = $250,000 Interest Expense = $50,000 Annual mortgage payment = $80,000 CAP Rate=8%
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
