Posted by Paul NM on February 07, 2001 at 13:01:47:
When I put the numbers into my calculator I get a 13.85% return on the investment if it is held for the full 15 years. The yield would be significantly higher if it is paid off early. That seems significantly better than a bank. I might also suggest that if he needs cash at some point, he can probably borrow against the payment stream from a well seasoned note.