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1. Melanie intends to buy a $100,000 fixer-upper home, borrowing $80,000 with a mortgage. a. What is her HPR in percent if she flips it

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1. Melanie intends to buy a $100,000 fixer-upper home, borrowing $80,000 with a mortgage. a. What is her HPR in percent if she flips it for $120,000? (Assume zero cash flows.) b. At what sale price is her HPR = -100% l.e, she loses her entire investment? 2. Show your math

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