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jean purchases a house for $750,000 and is able to secure an interest only , 5 year fixed rate mortgage for $600,000 at 5% interest
jean purchases a house for $750,000 and is able to secure an interest only, 5 year fixed rate mortgage for $600,000 at 5% interest with monthly payment. After five years, the house appreciates to $767123.56. What is Jean's equity as a percent of the house value? Write your answer as a percent rounded to two decimal points without the % sign (e.g. if you get 5.6499%, write 5.65).
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