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Wesleyan Motel in central Ilinois. nt and can borrow any funds required r is interested in purchasing the e an borrow any ft the mortgage
Wesleyan Motel in central Ilinois. nt and can borrow any funds required r is interested in purchasing the e an borrow any ft the mortgage that the mortgage e desires an for the purchase at an annual interest rate of 10%. Assume constant would be 10.8% and that he would borrow 80% of tn of the property. His consultants have indicated the income stream to erty for the next 7 years is as follows: Year Income Stream $1,100,000 1,050,000 1,000,000
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