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3. Your aunt bought a house for $300,000 and put 20% as down payment. Six years later, she sells the house for $400,000. In between,

3. Your aunt bought a house for $300,000 and put 20% as down payment. Six years later, she sells the house for $400,000. In between, she paid off $20,000 of the bank loan. How much equity did your aunt have when she sold the house and what annual return on the house's Equity did she make?

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