Suppose a comp sale occurred at a transaction price of $500,000, and was financed by the seller with a $400,000 note, fo
Posted: Sun Jul 03, 2022 6:43 am
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?