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*5. An investor buys a condo for $160,000 by putting 10% down and financing the rest using a 15 year fixed rate loan with monthly

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*5. An investor buys a condo for $160,000 by putting 10% down and financing the rest using a 15 year fixed rate loan with monthly payments of $500 a month. What was the annual interest rate charged on the loan? Three years later the investor sells the condo and earns an annual return of 8%, what was the selling price? *5. An investor buys a condo for $160,000 by putting 10% down and financing the rest using a 15 year fixed rate loan with monthly payments of $500 a month. What was the annual interest rate charged on the loan? Three years later the investor sells the condo and earns an annual return of 8%, what was the selling price

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