What is the cash equivalency sale price of the comparable


Problem

Comparable sale sold for $190,671 with down payment of 10% Seller financed mortgage for a 29-year term pmt @ 5% interest compounded monthly with a 12 year balloon. Homes in area are typically held for 29 years Market derived interest rate is 10%. What is the cash equivalency sale price of the comparable?

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Accounting Basics: What is the cash equivalency sale price of the comparable
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