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Suppose you are using the Sales Comparison Approach and determine the comparable sale has special financing arrangement . Sale sold for $ 5 0 0

Suppose you are using the Sales Comparison Approach and determine the comparable sale has special financing arrangement . Sale sold for $500,000, $100,000 down and financed at 5% for 30 years, annual payments . The market interest rate is 8%. Calculate how much the price of sale 1 should be adjusted to compensate for the favorable financing

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