All Topics / Heads Up! / 11 second solutionj Search for: Viewing 2 posts - 1 through 2 (of 2 total) petert2Member@petert2Join Date: 2003Post Count: 1 October 6, 2003 - 9:17 am Hi Steve, Page 31 of your book, Step 2:why do you divide the rent by 2 & step 3:why do you multiply by the figure 1000. Question 2: Page 161 – Interest (5) is that figure suppose to be $20,000 instead of $14,000? Thankyou Peter Steve McKnightKeymaster@stevemcknightJoin Date: 2001Post Count: 1,763 October 7, 2003 - 8:08 am Hi Peter,Thanks for your post and welcome to the forum community.Re: /2 and * 1000… this is just the equation that always results in a 10.4% return.Re: Interest…Purchase Price = $250,000 Loan @ 70% = $175,000. Interest on loan @ 8% p.a. = $14,000Cheers,Steve McKnight********** Remember that success comes from doing things differently. **********Steve McKnight | PropertyInvesting.com Pty Ltd | CEOhttps://www.propertyinvesting.comSuccess comes from doing things differentlyViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic. If you don't have an account, you can register here.