Question: show how to solve using excell formulas 2. Assume you purchase a property for $2.5 million, using a $1.875 million mortgage loan resulting in an
2. Assume you purchase a property for $2.5 million, using a $1.875 million mortgage loan resulting in an annual debt service payment of $150,000. If the property has a net operating income of $210,000, determine the equity dividend rate (i.e., cash-on-cash retuim). a. 9.60
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