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Question
A Qbank question about real estate valuation includes
# Annual interest expense = $32,000.
# Annual debt service expense = $35,000.
What is Debt service? The principal on the mortgage? Or is it just breaking out the interest portion and we are to assume that debt service = 32000 interest +3000 principal = 35000 debt service?
Thanks
Edited 1 time(s). Last edit at Friday, May 14, 2010 at 04:12PM by rolo550. |
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