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  | | The Appraisal of Real Estate,(12th Edition) by Appraisal Institute, Mary Elizabeth Geraci, Michael Mckinley Hardcover, 760 Pages, Published 2001 by Appraisal Inst ISBN-13: 978-0-922154-67-8, ISBN: 0-922154-67-8 "Akerson Format The mortgage-equity procedure developed by Charles B. Akerson substitutes an arithmetic format for the algebraic equation in the Ellwood formula.5 This format is applicable to level-income situations; when modified with the J or K factor, it can also be applied to changing-income situations. The Akerson format for level-income situations is Loan ratio x annual constant = Equity ratio x equity yield rate = + Loan rati ..." |
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Michael Mckinley