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Suppose that you purchase an investment property for $8 million If you purchased the property with a 15year loan for 90 of the purchase price
Suppose that you purchase an investment property for $8 million If you purchased the property with a 15year loan for 90 of the purchase price with an annual interest rate of 10 with monthly payments and monthly compounding, what was your initial equity investment for this property
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
