Question
An investor buys a property for $656000 with a 25-year mortgage and monthly payments at 6.6% APR. After 18 months the investor resells the property
An investor buys a property for $656000 with a 25-year mortgage and monthly payments at 6.6% APR. After 18 months the investor resells the property for $ 716496. How much cash will the investor have made from the sale, once the mortgage is paid off? A. $ 76767 B. $ 153535 C. $ 61414 D. $ 107474
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
