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Jerri buys a home for $100,000 and puts down 20% with a 7% mortgage. She sells it after 1 year when the house has declined
Jerri buys a home for $100,000 and puts down 20% with a 7% mortgage. She sells it after 1 year when the house has declined in value by 4%. Ignoring any real estate commissions or mortgage amortization, what has been the rate of return on her investment for the year? O -9.6% O -4% O -3% -48% Jury
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