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As a real estate speculator, you are planning and able to buy a house that costs $ 2 0 0 , 0 0 0 ,

As a real estate speculator, you are planning and able to buy a house that costs $200,000,
borrowing the full amount with no money down with the goal of selling this same property in
exactly one year. Mortgage interest rates are 5%, and the expected increase in housing
prices is 2%.(All rates and percentages are annual values.)
What is your expected capital gain/loss when you flip the house in one year?
The expected capital gain (or loss) is $
.(Round your response to the nearest dollar.)
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