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An investor buys a property for $679,000 with a 25-year mortgage and monthly payments at 6.1% APR. After 18 months the investor resells the property
An investor buys a property for $679,000 with a 25-year mortgage and monthly payments at 6.1% APR. After 18 months the investor resells the property for $740,165. How much cash will the investor have made from the sale, once the mortgage is paid off? A. $111,025 B. $79,303 C. $158,607 D. $63,443
An investor buys a property for $679,000 with a 25-year mortgage and monthly payments at 6.1% APR. After 18 months the investor resells the property for $740,165. How much cash will the investor have made from the sale, once the mortgage is paid off?
A.
$111,025
B.
$79,303
C.
$158,607
D.
$63,443
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