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36) Charlie bought her house 10 years ago for $300,000 with a $175,000 mortgage from the seller. The terms of the mortgage were 5% rate,

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36) Charlie bought her house 10 years ago for $300,000 with a $175,000 mortgage from the seller. The terms of the mortgage were 5% rate, 10 years with 30 year amortization. She has to pay 1 point up front and 1 point at maturity. Unfortunately, her credit score is only 550 and cannot get a mortgage to refinance, so she has to sell her property. The good news is property values have gone up 6% per year compounded annually. How much cash will she net out from the sale? And what is her return on the property? 36) Charlie bought her house 10 years ago for $300,000 with a $175,000 mortgage from the seller. The terms of the mortgage were 5% rate, 10 years with 30 year amortization. She has to pay 1 point up front and 1 point at maturity. Unfortunately, her credit score is only 550 and cannot get a mortgage to refinance, so she has to sell her property. The good news is property values have gone up 6% per year compounded annually. How much cash will she net out from the sale? And what is her return on the property

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