Question
You are an appraiser, and you are analyzing the comparable sale of a duplex. The buyer paid $185,000, with seller financing for 100% of the
You are an appraiser, and you are analyzing the comparable sale of a duplex. The buyer paid $185,000, with seller financing for 100% of the purchase price at an 8% interest rate with 30-year amortization (compounded monthly). Market rates are currently 5.25%. Cash equivalency You are able to calculate the cash equivalent sale price of this duplex,
ANSWER CHOICE
226,6692
139,224
245,827
190,088
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
