Assume you can make 8% on your money. If you make an offer on a property that is structured with $50,000 down and $25,000 paid in eight years and another $25,000 in fifteen years, what is the equivalent cash offer today?
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Answer to 09/10/2012 problem:
(N=360,I=4,PMT= -480,FV=0) PV= $100,541.40