Suppose a comp sale occurred at a transaction price of $500,000, and was financed by the seller with a $400,000 note, fo

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answerhappygod
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Suppose a comp sale occurred at a transaction price of $500,000, and was financed by the seller with a $400,000 note, fo

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Suppose a comp sale occurred at a transaction price of $500,000,and was financed by the seller with a $400,000 note, for 15 yearsat 3%. The market rate of interest at the time of the sale was fivepercent, what is the value of the favorable finance?
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