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An investor buys a property for $674,000 with a 25-year mortgage and monthly payments at 8.1% APR. After 18 months the investor resells the property

An investor buys a property for

$674,000

with a 25-year mortgage and monthly payments at

8.1%

APR. After 18 months the investor resells the property for

$739,987.

How much cash will the investor have made from the sale, once the mortgage is paid off?

$110,998

$63,427

$79,284

$158,569

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