In the example the building was worth 76364 the mortgage, Ask an Expert

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In the example, the building was worth $76,364, the mortgage was worth $25,000, and the equity was worth $51,364. The mortgage thus

financed 32.74% of the cost of the building, and the equity financed $67.26%.

Is the arrangement identical to one in which two partners purchase the building together-one puts in $25,000 and owns 32.74%, and the other puts in $51,364 and owns 67.26%?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91990917

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