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An investor buys a property for $681,000 with a 25-year mortgage and monthly payments at 7.8% APR. After 18 months the investor resells the property

An investor buys a property for

$681,000

with a 25-year mortgage and monthly payments at

7.8%

APR. After 18 months the investor resells the property for

$746,955.

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

$80,031

$112,043

$160,062

$64,025

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