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complete both questions Five years ago you bought a home for $200,000 using a loan with a 5% downpayment, an interest rate of 4.5%, and

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Five years ago you bought a home for $200,000 using a loan with a 5% downpayment, an interest rate of 4.5%, and a term of 30 years. The loan is fully amortizing. If you sell the house today for $220,000, and have to pay your real estate agent a 6% commission, how much money will you have left after paying the remaining balance on the loan and the agent's commission? Multiple Choice $147,525.22 $206,800.00 O $33,599.96 $71,348.31 Five years ago you bought a home for $200,000 using a loan with a 5% downpayment, an interest rate of 4.5%, and a term of 30 years. The loan is fully amortizing. If you sell the house today for $220,000, and have to pay your real estate agent a 6% commission, what is the annual rate of growth for your equity over the 5 years? Ignore the monthly payment for purposes of this problem Multiple Choice 10% 24.49% 5.98% 28% this problem, Multiple Choice 10% O 24.49% 5.98% 2.38%

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