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Use the following information to answer the questions Property: Purchase Price $3,000,000 Holding period (years) 5 Property Appreciation Rate, % per year: 2.8% - Selling

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Use the following information to answer the questions Property: Purchase Price $3,000,000 Holding period (years) 5 Property Appreciation Rate, % per year: 2.8% - Selling Expenses in year 5 7% Financing: LTV 65% . Loan rate (APR) 8.25% . Loan term (years) 30 Monthly Amortization / monthly payments orrect Question 1 0 / 10 pts Find the Sale price of the property in year 5. Use annual compounding and round to the nearest dollar: Find the selling costs for the property, rounded to the nearest dollar.: Question 3 0 / 10 pts Find the mortgage balance on the property in year 5. Round to the nearest dollar: 3,684,579 ct 0 / 10 pts Question 4 Find the Before Tax Equity Reversion Value. Round to the nearest dollar

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