A property sells for $200,000 with seller financing at 3 percent for 30 years with...
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Accounting
A property sells for $200,000 with seller financing at 3 percent for 30 years with monthly payments. The loan to value ratio (LTV) is 80 percent (purchaser makes a down payment of 20 percent). If market interest rates are 6 percent what is the cash equivalent price of this sale?
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