Using the Ellwood formula, estimate the required overall rate for an investor who is expected...
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Using the Ellwood formula, estimate the required overall rate for an investor who is expected to put down 25%, desires a 14% equity yeild, expects the property to decrease 11% during his/her 9 year holding period, and expects to finance the balance of the purchase with a 30 year, monthly payment loan at 10.25% interest. (Check the correct answer.)
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