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6. Six years ago, an investor bought a property for $2.5 million with 10% down and a 20 year mortgage with an interest rate of
6. Six years ago, an investor bought a property for $2.5 million with 10% down and a 20 year mortgage with an interest rate of 5.6% a year. What were the monthly payments? 5 points Today the company sold the property and had an annual return of 10% on their investment What was the price of the property when it was sold? 5 points How much equity was in the property when it was sold? 5 points If the company had put its down payment in a savings account, what amount would they have to earn in dollars to have the same annual return as the real estate investment? 10 points 7 Actorlinet aiddiridend 256
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