Financial Functions
I have an investment (property) that I want to know when I will break even on
(and start making a profit)? For example:
Property Value $80,000
Appreciation Rate 8%
Loan Amount $76,000
Interest Rate 6%
Loan Period (Years) 30
Negative Cash Flow (per month) $100
Down Payment 4000
Closing Cost (included in the loan amount) $5000
Can you help me with the proper Financial Function to use? Thank You
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