Question: Use the simple mortgage-equity technique. Estimate the discount rate given the following information. Loan amount $80,000 Cost of property $100,000 Mortgage interest rate 10% Investor's

Use the simple mortgage-equity technique. Estimate the discount rate given the following information. Loan amount $80,000 Cost of property $100,000 Mortgage interest rate 10% Investor's equity rate 15% Length of loan 30 years, monthly payments 9 percent 10.2 percent 15 percent 11.4 percent

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