12-30 Cash Receipts Frequency and Present Value Consequences Assume that you are about to sell property (a vacant parcel of real estate) you own but otherwise have no use for. The net-of-salescommission selling price for the property is $500,000. You are willing to finance this transaction over a 20 -year period and have told the buyer that you expect a 12% pretax return on the transaction. The buyer has asked you for a payment schedule under several alternatives. Required 1. What will be your total cash receipts, to earn a 12% return, if payments are received from the purchaser: a. At the end of each week? b. At the end of each month? c. At the end of each quarter? d. At the end of each year