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  • Profile photo of dragons_1908dragons_1908
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    @dragons_1908
    Join Date: 2004
    Post Count: 12
    April 14, 2006 - 12:28 am

    thank you guys for all your comments i appreciate it all the help i can get

    Profile photo of dragons_1908dragons_1908
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    @dragons_1908
    Join Date: 2004
    Post Count: 12
    July 29, 2004 - 12:29 pm

    actaully no my first attempt was wrong i forgot 2.5% selling

    my answer is d 17,400

    2.5% of 438,000 is 10950

    selling price minus original cost is 438,000 – 400 000 = 38,000

    38,000 – 10950 = 27 050

    this 27 050 minus the negative net annual cash flow of 9 650 = 17 400

    therefor mu answer is d 17 400

    is this right

    Profile photo of dragons_1908dragons_1908
    Member
    @dragons_1908
    Join Date: 2004
    Post Count: 12
    July 29, 2004 - 12:22 pm

    my answer is is B 28 350
    due to the fact that this is an interest only loan so subtract 400,000 from the selling price of 438,000 which leaves you with 38,000.

    then subtract 9,650 from 38,000

    which will leave you left with 28 350

    i dont no if this is right seems abit to easy n obvious plz sum1 let me no if im on the right track ive only jst recently in the last yr got into property

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