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A property was bought for 100 million and was sold 10 years later for $240 million. The property was initially financed with a 65% LTV
A property was bought for 100 million and was sold 10 years later for $240 million. The property was initially financed with a 65% LTV mortgage. The interest rate on the mortgage was 3.75% and had a 30 year amortization schedule. The property generates $12,600,000 per year. What is the annualized return
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