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a You buy a condo for your personal residence for $250,000 paying $50,000 in cash and borrowing the rest. The total interest paid in the

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a You buy a condo for your personal residence for $250,000 paying $50,000 in cash and borrowing the rest. The total interest paid in the first year is $6,000, and after one year, the property is worth $260,000. What is your annual rate of return on this investment before taxes? 20% 2% 8% 5%

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