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John is selling his property for $ 5 0 0 , 0 0 0 . He has a Tax lien of $ 5 , 0

John is selling his property for $

500, 000 .

He has a Tax lien of $

5, 000

against his property and a mortgage of $

400, 000 .

After John sells his property for $

500, 000

what are his gross proceeds?

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