Cash equivalent sale price of comparable sale

Assignment Help Financial Management

Reference no: EM131969996

An appraiser doing market research found a comparable sale in which the seller took back a mortgage with a 20% down payment at 8% per year with monthly payments based on a 30-year amortization but with a five-year balloon payment. The sale price was $104,500. The current market rate for mortgages is 10% for 30 years. A week after the closing, the seller sold the mortgage for $75,000 to a local real estate broker. What is the cash equivalent sale price of this comparable sale?

Reference no: EM131969996

Questions Cloud

What are the challenges professor might have to deal with : What are the challenges the professor might have to deal with? What would not be fun? Also include at least one example of an ethical issue that might need.

What is the bond yield to maturity : What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?

Write out the null and alternate hypothesis : For the following hypothesis tests: a) write out the Null and Alternate hypothesis b) write down the P-value c) state your conclusion

Firm long-run marginal cost curve : The price of labor is $1and the price of machines is $2 per unit. The firm's long-run marginal cost curve is

Cash equivalent sale price of comparable sale : What is the cash equivalent sale price of this comparable sale?

Supply curve and which equation is the demand curve : a. Which equation is the supply curve and which equation is the demand curve? How do you know?

Discuss two research based strategies that educators : Analyze and discuss two research based strategies that educators can use to address gender inequalities in today's diverse school and classroom environments.

What happens if attachment does not securely develop : Describe Attachment and discuss the relationship between Attachment and Psychological Development in childhood. Why is it important?

What was the real interest rate : hat was the real interest rate in 1975? How would the purchasing power of your savings have changed over the year?

User Account

All Pages