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From the Sample Exam :
"in order to calculate the capitalization rate using the band-of-investment method, one must first determine the mortgage constant, which can be found by first calculating the monthly annuity payment on $1 principal for the mortgage rate and term (300 payments, $1 present value, 9% / 12 monthly rate implies a monthly payment of 0.008392) and multiplying by 12 (12 |
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发表于 2011-7-13 16:48
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