You purchased a house for $100,000 cash and you sold it in one year for $125,000.You had
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You purchased a house for $100,000 cash and you sold it in one year for $125,000.You had to pay $5,000 in taxes and repairs before you sold it.What is your ROI?If you financed $80,000 with a bank, used only $20,000 for a down payment, and paid $4,000 for taxes, repairs, and interest expense, what would be your ROI?
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Related Book For
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
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