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 years at 3%. The market rate of interest at the time of the sale was five percent, what is the value of the favorable finance? O None of the given answers 62,554.9 26,554.9 52,455.9 O 52,688.9