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An investor is planning to borrow 75% of the value of the property whilst required to cover buying costs of 5% of the price. If
An investor is planning to borrow 75% of the value of the property whilst required to cover buying costs of 5% of the price. If the property value is $200,000. How much is the amount of equity required in order to purchase this property?
| a. | $50,000 | |
| b. | $55,000 | |
| c. | $60,000 | |
| d. | $70,000 |
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