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You are considering buying an office building for $1,800,000, having first year NOI of $296,000 and a 20% down loan at 6.5%, amortized over 20

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You are considering buying an office building for $1,800,000, having first year NOI of $296,000 and a 20% down loan at 6.5%, amortized over 20 years with 3% closing costs (at acquisition), the equity investment is: do not round intermediate calculations. Do not use any punctuation (example comma) or symbols in your answer. Enter answer to nearest dollar, rounding the final answer only, as necessary. A

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