19) 19, A Xerox DocuColor photocopier costing $45,000 is paid off in 60 monthly installments at 7.40% APR. After three years the company wishes to sell the photocopier. What is the minimum price for which they can sell the copier so that they can cover the cost of the balance remaining on the loan? A) $16,009 B) $28,015 C) $20,011 D) $24,013 20) 20 An investor buys a property for $699,000 with a 25-year mortgage and monthly payments at 7.90% APR. After 18 months the investor resells the property for $766,947. How much cash will the investor have from the sale, once the mortgage is paid oft? A) S164,346 B) S115,042 C) $65,738 D) $82,173