Official Course Description: MCCCD Approval: 07/22/08
REA282AD 19936-20086	LEC	0.75 Credit(s)	0.75 Period(s)
Alternative Financing and Mathematics
Alternative financing methods and advanced real estate mathematics as applicable to real estate finance. Prerequisites: None.

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MCCCD Official Course Competencies:
REA282AD   19936-20086	Alternative Financing and Mathematics

1.	Describe the theory of time value of money. (I)
2.	Define alternative investment vehicles related to mortgage lending. (I)
3.	Calculate rates of return on investment by various methods. (II)
4.	Calculate prorated interest on real estate loan. (II)
5.	Calculate remaining balance on a real estate loan. (II)
6.	Describe the amortization process. (II)

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MCCCD Official Course Outline:
REA282AD   19936-20086	Alternative Financing and Mathematics

I. Creative Financing A. Wrap-Around Agreements B. All-Inclusive Trust Deeds C. Land Contract and Agreement for Sale II. Advanced Mathematics A. Calculating Loan Requirements B. Discounting Notes C. Time Value of Money D. Mortgage Investments

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