A property recently sold for 300000 with a 20 percent down, Ask an Expert

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A property recently sold for $300,000 with a 20 percent down payment. The seller financed the property at 2.5 percent for 30 years. At the time of the sale, market interest rates were 4.5 percent. What is the cash equivalent purchase price? Assuming that the mortgage is called (becomes due balloon payment) in seven years, what is the cash equivalent price?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91348996

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