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Suppose you are using the Sales Comparison Approach and determine the comparable sale 1 has special financing arrangement. Sale 1 sold for $500,000, $100,000 down

Suppose you are using the Sales Comparison Approach and determine the comparable sale 1 has special financing arrangement. Sale 1 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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